Semiconductor Equipment Stock VECO Sees $1.8 Billion Market Cap Surge Ahead of Acquisition

Veeco Instruments Inc. (Nasdaq: VECO) closed at $36.36 on the Nasdaq on the 25th, up 5.74%, pushing its market capitalization to approximately $2.196 billion (around 3 trillion KRW). Trading volume exceeded 1.15 million shares, and the company’s market cap rose by roughly $134 million (about 180 billion KRW) in a single day.

Recently, Veeco secured multiple orders for its Lumina and Spector systems—equipment used to manufacture indium phosphide (InP)–based optical components—positioning it to benefit from growing demand for compound semiconductors in optical communications.

At its recent annual meeting, shareholders also approved the merger with Axcelis Technologies. Pending regulatory clearances, the companies aim to complete the deal in the second half of 2026, a development that has further supported Veeco’s share price.

Headquartered in Plainview, New York, Veeco supplies semiconductor process equipment—including ion-beam etch and deposition systems, MOCVD tools, laser annealing units, lithography platforms, and single-wafer etch and clean equipment—serving advanced packaging, photonics, and power-semiconductor manufacturing.

Once the all-stock merger with Axcelis, announced in 2025, is finalized, Veeco will become a wholly owned subsidiary of Axcelis in a transaction valued at about $2.2 billion. The combined company’s enterprise value is expected to be approximately $4.4 billion (around 6 trillion KRW).