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. We have long admired Veeco's history of innovation and its track record of delivering breakthrough products. I had the privilege of previously working at Veeco and I hold deep appreciation for its incredible talent, culture and innovation. Together, we will be well-positioned to serve large and growing end markets poised to benefit from significant secular tailwinds, creating exciting opportunities for employees and accelerating next-generation innovation for our customers," Russell Low, Axcelis President and Chief Executive Officer.