Intevac

Last updated
Intevac, Inc.
Company type Public
IndustryCapital equipment
Founded1991;34 years ago (1991)
Headquarters Santa Clara, California, US
Key people
Nigel Hunton (CEO & President)
Revenue US$202.5 Million (2010)
Website intevac.com
Footnotes /references
Financial data is FY2010. [1]

Intevac, Inc. is a producer of thin film deposition systems and equipment for making hard disk drives. [2] It is headquartered in Santa Clara, California [3] in Silicon Valley. The company also has offices in China, Malaysia and Singapore. [4]

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. [5]

In January 2022, Intevac 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
  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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