COVID-19 Impacts: Veeco Withdraws Business Guidance for 1Q20; Velodyne Lidar Closes Offices

The COVID-19 coronavirus outbreaks across the world has forced the industry to take actions as impacts brought the epidemic continue to expand. In the U.S., equipment provider Veeco said that the epidemic is inevitably affecting its business for 1Q20 and thus withdrew its guidance for the first quarter. LiDAR maker Velodyne also noted that its offices in Bay Area, San Francisco are closed, following the mandatory “shelter-in-place” order in the area.


(Image: Pixabay)

Veeco said that it puts the health and well-being of its employees, customers, suppliers and stakeholders at high priority. Since several California counties issued a “shelter-in-place” on March 16, 2020, Veeco’s facility in San Jose and possibly the facilities of certain customers are unable to operate until April 7, 2020.

These government directives may impact the ability of Veeco for meeting its guidance for the first quarter of 2020. Therefore, the company decided to withdrawing guidance for the first quarter, ending March 31, 2020, which was previously provided on February 13, 2020 based on best known information at the time.

The shelter-in-place order also impacted Velodyne Lidar, who has offices in Bay Area. The LiDAR maker has closed its offices until April 7, 2020 but said it will remain operational to assess and meet customer needs by utilizing manufacturing centers globally that are currently open. Velodyne also built buffer inventory for its popular products to assure continue shipment.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

VueReal, the pioneer of MicroSolid Printing™, today announced a significant expansion of its Reference Design Kit (RDK) portfolio with new industry-specific bundles. Purpose-built for automotive and consumer electronics, the vertical RDK... READ MORE

ViewSonic Corp., a leading global provider of visual and edtech solutions, announces the shipping of LDS138-151, a 138-inch all-in-one, mobile Direct View LED Display Solution Kit. The ViewSonic LDS138-151 is a fully pre-assembled kit that bui... READ MORE