Semiconductors M&A » By The Online Investor Staff, updated Mon., Sep. 20, 9:33 AM
Recent mergers and acquisitions in the Semiconductors M&A category.
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Slide #47. Veeco Instruments Inc. — Synos Technology
Acquirer:
Veeco Instruments Inc. (NASDAQ:VECO)
Acquiree:
Synos Technology
Details:
Veeco Instruments Inc. (NASDAQ:VECO) has completed the previously announced acquisition of Synos Technology, Inc. ("Synos"). Synos designs and manufactures Fast Array Scanning Atomic Layer Deposition (FAST-ALD) systems that are currently expected to enable the production of flexible organic light-emitting diode (OLED) displays for mobile devices. The business, with operations in California and Korea, has been renamed Veeco ALD Inc.
Veeco Instruments is a manufacturer of semiconductor process equipment. Co.'s system products include: Ion Beam Deposition and Etch Systems, which deposit high purity thin film layers and provide uniformity and repeatability; Laser Annealing Systems, which provides millisecond time-scale annealing, heating the wafer up to temperatures just below the silicon melting point; Metal Organic Chemical Vapor Deposition Systems, which are used to make GaN-based devices and Arsenides and Phosphides-based devices, which are used in television and computer display backlighting, general illumination, signage, specialty illumination, power electronics, and many other applications.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 74th percentile
(ranked higher than approx. 74% of all stocks covered)
Analysts' Target Price: VECO Stock Forecast Based on Zacks ABR data; powered by Xignite |
