Summary of Axcelis and Vico Merger Conference Call Industry and Companies Involved - **Industry**: Semiconductor Equipment - **Companies**: Axcelis Technologies and Vico Core Points and Arguments 1. **Transformational Combination**: The merger aims to create a leading semiconductor equipment company, enhancing capabilities and resources for sustainable value creation for shareholders and stakeholders [4][5][6] 2. **Broader Product Portfolio**: The combined companies will offer a diverse product portfolio, optimizing synergies between ion implantation and annealing solutions, which are adjacent steps in semiconductor manufacturing [5][8] 3. **Market Expansion**: The merger is expected to expand the total addressable market opportunity to over $5 billion, leveraging growth in artificial intelligence and power solutions [10][11] 4. **R&D Investment**: The combined company will have over $230 million in pro forma R&D investment to accelerate innovation and meet evolving customer needs [8][18] 5. **Financial Profile**: The merger is projected to be accretive to non-GAAP EPS within the first year post-closing, with a strong financial profile and cash position [5][24] 6. **Cost Synergies**: Estimated run-rate cost synergies of $35 million within 24 months post-closing, primarily from operational efficiencies [23][24] 7. **Governance Structure**: The combined company will have a governance structure with a board comprising members from both companies, ensuring shared leadership [21][22] 8. **Geographic Diversification**: The merger will enhance geographic presence, leveraging strengths in key markets such as China, Korea, and Taiwan [11][12] Important but Overlooked Content 1. **Cultural Integration**: The companies emphasize shared cultures of respect and collaboration, which will be crucial for successful integration [20] 2. **Regulatory Approval**: The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals, with no anticipated regulatory hurdles due to the lack of overlap between the companies [22][65][66] 3. **Technological Overlap**: The merger will allow for leveraging complementary technologies, particularly in ion beam physics and advanced packaging, which are critical for meeting customer demands [29][30][31] 4. **Focus on Customer Needs**: The combined company aims to provide end-to-end support across the manufacturing process, enhancing customer relationships and service capabilities [20][41] This summary encapsulates the key points discussed during the conference call regarding the merger between Axcelis Technologies and Vico, highlighting the strategic rationale, expected benefits, and operational considerations.

Transaction Overview - Axcelis and Veeco are combining to create an industry-leading semiconductor equipment company[1,29,55] - The transaction is an all-stock deal where Veeco shareholders will receive 03575 Axcelis shares for each Veeco share[52] - The combined company will be headquartered in Beverly, Massachusetts and assume a new name and ticker symbol[52] - The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals[52] Financial Highlights - The combined company will have a pro forma cash position exceeding $900 million[24,28,30,52,56] - The combined company's 2024 revenue is approximately $17 billion[27,36] - The combined company's non-GAAP gross margin is 44%[27,30,56] - The combined company's adjusted EBITDA is approximately $387 million[28,30] - The combined company expects to realize $35 million in annual run-rate cost synergies within 24 months after closing[52,53] Strategic Rationale - The combination expands the addressable market opportunity to over $5 billion[30,56] - The merger creates a broader product portfolio and complementary end markets[22,23,25,30,35,36,41,42,44,45] - The combined company will have a robust R&D and innovation engine[23]

Transaction Overview - Axcelis and Veeco are combining to create an industry-leading semiconductor equipment company[1] - The transaction is an all-stock deal where Veeco shareholders will receive 03575 Axcelis shares for each Veeco share[52] - The combined company will have an estimated enterprise value of approximately $44 billion[52] - Pro forma ownership at closing is estimated to be approximately 58% Axcelis shareholders and 42% Veeco shareholders[52] - The transaction is expected to close in the second half of 2026[52] Financial Highlights - The combined company is expected to have over $900 million in cash[24, 27, 30, 52] - The combined company had approximately $17 billion in pro-forma 2024 revenue[27, 36] - The combined company had a 44% non-GAAP gross margin in FY24[27, 30, 53] - The combined company had approximately $230 million in combined R&D spend in FY24[27] - The combined company had approximately $387 million in adjusted EBITDA in FY24[27, 53]

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the merger between Axcelis Technologies, Inc. and Veeco Instruments Inc. for Axcelis shareholders, who are expected to own approximately 58% of the combined company upon closing [1]. Group 1: Investigation Details - The investigation focuses on whether Axcelis and its board violated federal securities laws or breached fiduciary duties by not obtaining the best possible consideration for shareholders and failing to disclose all material information necessary for assessing the merger [3]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief related to the proposed transaction [4]. Group 2: Legal Rights and Options - Axcelis shareholders are encouraged to learn more about their legal rights and options regarding the merger [2].

Group 1 - Veeco Instruments and Axcelis Technologies announced a merger in an all-stock deal valued at $4.4 billion to form a high-end semiconductor equipment company [2] - Following the announcement, trading of shares for both companies was halted [2] - The merger aims to enhance the capabilities and market position of the combined entity in the semiconductor equipment sector [2]

Core Viewpoint - Axcelis Technologies and Veeco Instruments have announced a definitive agreement to merge in an all-stock transaction, creating a leading semiconductor equipment company with an enterprise value of approximately $4.4 billion based on recent share prices and outstanding debt [1][2]. Company Overview - The combined entity will serve diversified and expanding end markets, enhancing its operating profile and R&D capabilities, which are expected to drive innovation and customer solutions [2][4]. - The merger is projected to generate pro-forma revenue of $1.7 billion for Fiscal Year 2024, with a non-GAAP gross margin of 44% and adjusted EBITDA of $387 million [2][12]. Financial Structure - Veeco shareholders will receive 0.3575 Axcelis shares for each share they own, resulting in Axcelis shareholders owning approximately 58% and Veeco shareholders owning about 42% of the combined company [3]. - The combined company is expected to have over $900 million in pro-forma cash upon closing and anticipates annual run-rate cost synergies of $35 million within 24 months, with most achieved in the first year [12][24]. Strategic Rationale - The merger will increase the total addressable market to over $5 billion, particularly benefiting from trends in artificial intelligence and power solutions [5][12]. - The combined company will become the fourth largest U.S. wafer fabrication equipment supplier by revenue, diversifying its technology portfolio and market segments [5][6]. Governance and Leadership - The new Board will consist of 11 directors, with a majority from Axcelis, and Dr. Russell Low will serve as President and CEO [7][8]. - The headquarters will be located in Beverly, Massachusetts, and the company will adopt a new name and ticker symbol post-merger [8][9]. Timeline and Approvals - The transaction is expected to close in the second half of 2026, pending shareholder and regulatory approvals [9].

Group 1 - Axcelis Technologies (ACLS) is outperforming the Computer and Technology sector with a year-to-date return of 39%, compared to the sector's average gain of 21.2% [4] - The Zacks Rank for Axcelis Technologies is 1 (Strong Buy), indicating strong potential for future performance [3] - Over the past 90 days, the Zacks Consensus Estimate for ACLS' full-year earnings has increased by 31.2%, reflecting improved analyst sentiment [4] Group 2 - Axcelis Technologies is part of the Electronics - Manufacturing Machinery industry, which has an average loss of 4.7% this year, highlighting ACLS's superior performance [6] - Another notable stock in the Computer and Technology sector is KANZHUN LIMITED Sponsored ADR (BZ), which has returned 70.3% year-to-date and also holds a Zacks Rank of 1 (Strong Buy) [5] - The Internet - Software industry, to which KANZHUN LIMITED belongs, has gained 22.3% this year, indicating a positive trend within that segment [7]

Axcelis Technologies, Inc. (NASDAQ:ACLS) is one of the 14 Small Publicly Traded Semiconductor Companies to Invest in Now. On September 8, Axcelis Technologies, Inc. (NASDAQ:ACLS) introduced its new product called the GSD Ovation ES, which is a high-current ion implanter designed specifically for engineered substrates. The GSD Ovation ES supports best-in-class high current implanting capabilities for Hydrogen and Helium ions for engineered substrate applications like wafer splitting. According to the repor ...

Group 1 - KANZHUN LIMITED Sponsored ADR (BZ) is part of the Computer and Technology sector, which includes 605 companies and ranks 4 in the Zacks Sector Rank [2] - The Zacks Rank system indicates that KANZHUN LIMITED Sponsored ADR has a current Zacks Rank of 1 (Strong Buy), with a 3.8% increase in the consensus earnings estimate over the past 90 days [3] - Year-to-date, KANZHUN LIMITED Sponsored ADR has returned 73.9%, significantly outperforming the average gain of 16.8% in the Computer and Technology sector [4] Group 2 - KANZHUN LIMITED Sponsored ADR belongs to the Internet - Software industry, which consists of 173 companies and currently ranks 76 in the Zacks Industry Rank, with an average gain of 22.7% this year [5] - In contrast, Axcelis Technologies, another stock in the Computer and Technology sector, has a year-to-date return of 18.9% and is part of the Electronics - Manufacturing Machinery industry, which has declined by 15.4% this year [4][6] - Both KANZHUN LIMITED Sponsored ADR and Axcelis Technologies are expected to continue their strong performance in the market [6]

Core Insights - Axcelis Technologies, Inc. will participate in the International Conference on Silicon Carbide and Related Materials (ICSCRM 2025) from September 14-19, 2025, in Busan, South Korea [1][2] - The company will promote its new Purion Power Series+ and GSD Ovation ES platforms, aimed at enhancing device capability and productivity for next-generation power devices [2][7][8] - President and CEO Dr. Russell Low expressed enthusiasm for presenting advancements in silicon carbide solutions, highlighting collaborations with leading device manufacturers and research consortia [2][3] Company Overview - Axcelis, headquartered in Beverly, Massachusetts, has over 45 years of experience in providing innovative solutions for the semiconductor industry [3] - The company specializes in the design, manufacture, and lifecycle support of ion implantation systems, which are critical in the integrated circuit manufacturing process [3] Conference Participation - Axcelis will engage in technical presentations at ICSCRM 2025, showcasing its expertise in silicon carbide and related materials [2][6] - The conference is recognized as a significant technology forum in the power semiconductor market, facilitating knowledge exchange among industry leaders [2]