Veeco significantly reduces its ALD investments
In September 2013, Veeco acquired Synos Technology for $185 million for the company's FAST-ALD flexible OLED encapsulation technology. Veeco did received a purchase order from SDC for a first-generation FAST-ALD prototype system, but the significant orders Veeco hopes to achieve never materialized.
In early 2015 Veeco announced that they do not see near-term revenue coming from this sector. Yesterday Veeco decided to significantly reduce future investments in its ALD technology development. Veeco says that some "competitive technologies" solved the display makers problems and it now sees ALD business pushed back two or three years.