Veeco Instruments (NASDAQ: VECO) has announced the launch and first multi-tool order of its new Lumina+ system, purchased by Rocket Lab (NASDAQ: RKLB) to expand U.S. space compound semiconductor production for solar technology under the CHIPS and Science Act. 

The Lumina+ platform offers the largest batch size, best throughput, and lowest cost per wafer in the industry. This investment will double Rocket Lab’s space-grade solar cell production at its New Mexico facility and strengthen its long-standing partnership with Veeco.

Brad Clevenger, Vice President of Space Systems at Rocket Lab stated: “This collaboration will enable us to meet the increasing demand for satellite solar power and serve as a trusted source of domestically produced semiconductor technologies.”

Veeco Instruments is an innovator of semiconductor process equipment, providing advanced technologies that enhance performance in the fabrication of next-generation semiconductor devices.

Rocket Lab is a leading space company that provides launch services, spacecraft, payloads, and satellite components serving commercial, government, and national security markets.

Shares of Veeco Instruments trade on the NASDAQ under the ticker symbol VECO, shares of Rocket Lab also trade on the NASDAQ under the ticker symbol RKLB. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com 

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