Intevac
{{Short description|American technology company}}
{{Infobox company
| name = Intevac, Inc.
| logo = File:High-Res IVAC Logo.png
| type = Public
| traded_as = {{Unbulleted list |{{NASDAQ|IVAC}} |Russell Microcap Index component}}
| foundation = {{Start date and age|1991}} |
location = Santa Clara, California, US |
key_people = Nigel Hunton (CEO & President) |
revenue = US$202.5 Million (2010)|
industry = Capital equipment |
homepage = {{url|intevac.com}} |
footnotes = Financial data is FY2010.[http://investor.intevac.com/annual.cfm 2010 Annual Report]
}}
Intevac, Inc. is a producer of thin film deposition systems and equipment for making hard disk drives.{{cite web |url=https://www.intevac.com/thin-film/ |title=Thin Film Equipment |accessdate=7 August 2022}} It is headquartered in Santa Clara, California{{cite web |url=https://www.intevac.com/company/#tab-unitedstates |title=Intevac, Inc. Corporate Headquarters |accessdate=7 August 2022}} in Silicon Valley. The company also has offices in China, Malaysia and Singapore.{{cite web |url=https://www.intevac.com/company/#tab-asia |title=Locations: Asia |accessdate=7 August 2022}}
Founded in 1991 as a spin-off from Varian Associates, Intevac went public in 1995. The company reported revenues of $13.8 million in the first half of 2022.{{cite press release |url=https://ir.intevac.com/websites/intevac/English/1120/us-press-release.html?airportNewsID=97467b23-b5d5-4987-be2d-d8ba6f1c9acf |title=Intevac Announces Second Quarter 2022 Financial Results |date=3 August 2022 |publisher=Intevac |accessdate=7 August 2022}}
In January 2022, Intevac divested its photonics business to Eotech for over $70 million.{{Cite web |url=https://optics.org/news/13/1/5 |title=Intevac sells photonics division to rifle scope maker Eotech |date=5 January 2022 |publisher=Optics.org}}
In February 2025, hard disk drive maker Seagate Technology announced it would acquire Intevac for $119 million in an all-cash deal.{{Cite web |last=Wiggers |first=Kyle |date=13 February 2025 |title=Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M |url=https://techcrunch.com/2025/02/13/seagate-acquires-intevac-which-makes-equipment-for-hard-disk-drives-for-119m/ |website=TechCrunch}}
References
{{Reflist}}
External links
- [http://www.intevac.com Intevac, Inc. official website]
- [https://www.google.com/finance/?cid=659032 Google Finance - Intevac, Inc.]
- [https://finance.yahoo.com/q/pr?s=ivac: Yahoo! Intevac, Inc. Company Profile]
{{Authority control}}
Category:Manufacturing companies established in 1991
Category:1991 establishments in California
Category:Manufacturers of industrial automation