Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Veeco Instruments Announces The Launch And First Commercial Multi-Tool Order For Its New Lumina+ Metal-organic Chemical Vapor Deposition System; Rocket Lab to Purchase The Tools As Part Of Its Ongoing Project Under The Department Of Commerce's Chips And Science Act To Expand Domestic Production Of Compound Semiconductor Products

Author: Benzinga Newsdesk | October 06, 2025 04:06pm

PLAINVIEW, N.Y., Oct. 06, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) today announced the launch and first commercial multi-tool order for its new Lumina+ metal-organic chemical vapor deposition (MOCVD) system. Rocket Lab Corporation (NASDAQ:RKLB), a global leader in launch services and space systems, purchased the tools as part of its ongoing project under the Department of Commerce's CHIPS and Science Act to expand domestic production of compound semiconductor products. This high-volume manufacturing order reinforces Veeco's leadership in the As/P field and marks a significant milestone for the company.

"The new Lumina+ system is a highly differentiated, game-changing production platform that enables cost-effective scaling for next-generation applications," said Anil Vijayendran, Vice President of the MOCVD Product Line at Veeco. "We're excited to offer the industry this new platform, combining our proven TurboDisc technology with breakthrough efficiency to set a new benchmark in compound semiconductor manufacturing."

Rocket Lab set the benchmark for high volume production of space-grade solar cells and solar panels more than 25 years ago, powering some of the largest satellites placed on orbit. With this investment, Rocket Lab will double production capacity for space-grade solar cells while also serving as a source for domestically produced compound semiconductor and electro-optical device technologies. The Lumina+ tool platform boasts the largest As/P batch size in the MOCVD industry, best-in-class throughput, lowest cost per wafer, and industry-leading uniformity and repeatability for As/P processes. These features make Lumina+ the right choice for the expansion of Rocket Lab's production capability and capacity at its Albuquerque, New Mexico facility.

Veeco's collaboration with Rocket Lab not only highlights the capabilities of the Lumina+ platform but also underscores the companies' strong relationship. Rocket Lab has used Veeco platforms for over 20 years, and the new Lumina+ system sets a foundation for collaboration for years to come.

"We are excited to extend our partnership with Veeco and leverage the advanced capabilities and ease of use of the Lumina+ platform to enhance our compound semiconductor product lines," said Brad Clevenger, Vice President of Space Systems at Rocket Lab. "This collaboration will enable us to meet the increasing demand for satellite solar power and serve as a trusted source of domestically produced semiconductor technologies."

Posted In: RKLB VECO

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist