Veeco announces second quarter 2024 financial results, silicon carbide equipment is expected to be put on the market within the year

Veeco announced its second quarter 2024 financial results, showing that its second quarter revenue was US$175.9 million, a year-on-year increase of 9%. Veeco is optimistic about the growth opportunities of the compound semiconductor business and is continuing to invest in the GaN power semiconductor and Micro LED markets. In the field of SiC power semiconductors, Veeco has negotiated with customers on the promotion and application of SiC equipment, and its SiC equipment is expected to be put on the market in 2024.