Axcelis Technologies to merge with Veeco Instruments in a $4.4bn deal.

Axcelis Technologies, a company engaging in the design, manufacture, and servicing of capital equipment for semiconductor manufacturing, agreed to merge with Veeco Instruments, a manufacturer of semiconductor process equipment, in a $4.4bn deal. "This combination marks a transformational milestone for both Axcelis and Veeco, establishing a new leader in semiconductor capital equipment with complementary technologies, a diversified portfolio, and an expanded addressable market opportunity," Russell Low, Axcelis President and Chief Executive Oficer.