Earlier this month, Veeco, a maker of process equipment, said that it is planning to significantly reduce its future investments in Atomic Layer Deposition (“ALD”) technology.
“While we have continued to make progress with our ALD technology development for advanced semiconductor applications, the expected timing for revenue realization has been delayed,” said John R. Peeler, Chairman and CEO. “Consequently, we have made the difficult decision to lower investments in our ALD program. We plan to retain the intellectual property and technology capabilities and continue to assess future market opportunities”.
Veeco bought Synos, a developer of ALD technology in 2013 for $70 million (with a maximum of $185m – Veeco later said it had learned lessons from the ‘earn outs’ involved in the acquisition!)
Analyst Comment
Korean sources recently said that local makers are looking to try to use ALD, Kateeva Bullish on Encapsulation – Koreans to Adopt ALD?
