Intevac

Intevac, Inc.
TypePublic
IndustryCapital equipment
Founded1991; 35 years ago (1991)
HeadquartersSanta Clara, California, USA
Key people
Nigel Hunton
(CEO & President)
RevenueUS$202.5 Million (2010)
OwnerSeagate Technology
Websiteintevac.com
Footnotes
Financial data is FY2010.[1]

Intevac, Inc. was a producer of thin film deposition systems and equipment for making hard disk drives.[2] Headquartered in Silicon Valley in Santa Clara, California,[3] it also had offices in China, Malaysia, and Singapore.[4]

Founded in 1991 as a spin-off of Varian Associates, the company went public four years later and reported having $13.8 million in revenue in the first half of 2022.[5] In January 2022, the American firm divested its photonics business to Eotech for over $70 million.[6]

In February 2025, hard disk drive maker Seagate Technology announced it would acquire Intevac for $119 million in an all-cash deal.[7] The purchase was completed a month later.[8]

References

  1. ^ "2010 Annual Report". Archived from the original on 2011-11-04. Retrieved 2011-10-24.
  2. ^ "Thin Film Equipment". Retrieved 7 August 2022.
  3. ^ "Intevac, Inc. Corporate Headquarters". Retrieved 7 August 2022.
  4. ^ "Locations: Asia". Retrieved 7 August 2022.
  5. ^ "Intevac Announces Second Quarter 2022 Financial Results" (Press release). Intevac. 3 August 2022. Retrieved 7 August 2022.
  6. ^ "Intevac sells photonics division to rifle scope maker Eotech". Optics.org. 5 January 2022.
  7. ^ Wiggers, Kyle (13 February 2025). "Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M". TechCrunch.
  8. ^ "Seagate Completes Acquisition of Intevac". Seagate. Retrieved 2025-07-30.

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