In the early eighties virtually every company was seeking entry into the equipment business, or expanding into it via acquisitions. It was the same with Veeco, the Vacuum Equipment Company. It already supplied vacuum equipment and power supplies as well as power semiconductors. Having recently come off an acquisition of ion implanters (Accelerators Inc) and still funding an e-beam direct exposure system research effort through SRI International (formerly known as Stanford Research Institute), it was ready for more. And with talk of lights-out-fabs and fully integrated systems, it was only natural that Veeco would now fill in the missing pieces, so it acquired Macronetics Inc., a small photoresist equipment supplier who was having difficulties both financially and service-wise. Ed Braun, Vice President, was just about to be promoted to executive vice president to head up the Industrial Equipment Division where he had been General Manager. The division included all semiconductor capital equipment efforts by Veeco. Ed would eventually become the chairman and CEO. In 2004, he was awarded SEMI's prestigious Bob Graham Award for Marketing Excellence.
Still, the hopes of becoming a big player in the photo exposure side of the industry would elude Veeco and this smartly executed line would disappear.
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