Veeco acquires Emcore business

Veeco Instruments Inc. has purchased Emcore Corp.'s TurboDisc Metal Organic Chemical Vapor Deposition (MOCVD) business.

Combined with its molecular beam epitaxy (MBE) business, the acquisition makes Veeco capable of providing both key compound semiconductor epitaxial deposition technologies. This is expected to enable Veeco address the full range of applications requiring the aspects of compound semiconductor technologies, including lower power, higher frequency operation, and light-emitting characteristics.

The purchased MOCVD business includes the assets necessary for engineering, design and manufacturing of MOCVD (TurboDisc) systems ranging from R&D to high-volume production systems, the business unit's manufacturing facility and applications lab located in Somerset, New Jersey and Emcore's significant MOCVD intellectual property. It is expected that about 120 employees of Emcore involved in the TurboDisc business will become employees of Veeco.