FOR IMMEDIATE RELEASE
IQM of Finland places multi-system order for veeco’s atomic layer deposition system to enable next generation quantum computing
The Fiji ALD Systems Produce Essential Superconducting Films on 200mm Wafer Substrates
Plainview, N.Y., September 22, 2021—Veeco Instruments Inc. (NASDAQ: VECO) today announced that IQM Finland OY, a leading quantum computing hardware company and a key player in Europe's quantum ecosystem, has selected the plasma-enhanced Fiji® Atomic Layer Deposition (ALD) System to help drive the future of quantum computing. The Fiji platform was chosen to be the tool of record due to the exceptional superconducting film capabilities of complex materials compared to the competition.
“Throughout our evaluation phase, it became clear that Veeco’s Fiji system is the unparalleled process technology solution we need to help us drive the future of next generation quantum computing,” stated Dr. Juha Vartiainen, Chief Operating Officer and Co-Founder of IQM. “The platform has demonstrated outstanding process capabilities and the Veeco support team is a clear difference-maker in helping IQM bring application-specific problem solving to a multitude of industries.”
According to Research And Markets, the quantum computing market is poised to grow by 7.35 billion U.S. dollars during the 2021 to 2025 time frame, progressing at a compound annual growth rate of 19% during that time.
“We are proud to have been selected by IQM of Finland, a leader and well-connected institution that will accelerate quantum computing capabilities in a remarkable way,” commented Ganesh Sundaram, Ph.D., Vice President, Research and Engineering for Veeco’s ALD group. “The Fiji systems offer unique process solutions that are essential to producing superconducting nitride films and we look forward to working with Dr. Vartiainen and his team to help them drive their mission of building the quantum computers of the future now.”
Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our proven ion beam, laser annealing, lithography, MOCVD and single wafer etch & clean technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com.
About IQM Finland OY
IQM was founded by a highly ambitious team of world-leading scientists having built several successful quantum labs and research centers globally during the past two decades. The team’s pioneering work started with breakthroughs in qubit reset, readout, and thermal management towards large-scale quantum processors. Since then, the work has progressed to unique hardware advantages and novel concepts around digital-analog quantum computing. Learn more at https://www.meetiqm.com/.
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2020 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.