Axcelis-Veeco merger closing pushed to end of Q1 2027

Semiconductor equipment makers Axcelis and Veeco said their all-stock merger is now expected to close by the end of the first quarter of 2027. Closing awaits clearance from China's SAMR and a new HSR Act submission as the current U.S. clearance expires. Each Veeco share converts into 0.3575 Axcelis shares.

Why it matters: The delay highlights China's regulatory leverage over U.S. semiconductor equipment deals.