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Veeco’s record laser annealing sales compensate for declining compound semi revenue in Q2
What happened
Veeco Instruments reported Q2 2024 revenue of $175.9M, up 1% sequentially and 9% year-over-year. The growth was driven by record sales in laser annealing equipment, which offset a decline in compound semiconductor revenue. Watch: The mixed performance signals shifting demand within the semiconductor equipment sector, with laser annealing gaining traction.
Impact and signal
Medium impactImpact score: 55/100
Affected components and suppliers
Compound SemiconductorLaser Annealing Equipment
Veeco Instruments Inc.
earningsdemand-shiftequipment
Source and time
Source: Semiconductor Today · 8/12/2024 · View original source
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