Intevac, Inc. Overview
Pro stress-test →Intevac is a designer, developer, and manufacturer of thin-film processing systems and vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive media and other adjacent thin-film markets. The company was acquired by Seagate Technology Holdings for approximately $119 million, with the acquisition completed in March 2025, after which Intevac became a wholly owned subsidiary of Seagate.
Strategic Profile
Pro stress-test →Intevac positioned itself as a leading provider of thin-film process technology and manufacturing platforms for high-volume manufacturing environments, with materials science expertise primarily deployed to the hard disk drive (HDD) industry where its systems supported disk media production and technology upgrades. The company's 200 Lean platform is critical for advanced Heat-Assisted Magnetic Recording (HAMR) media production.
Competitive Landscape
Pro stress-test →Intevac designed and marketed vacuum process equipment solutions for hard disk drive and adjacent thin-film markets, selling primarily through direct sales force and distributors in Japan. The company operated in a specialized equipment sector with limited direct competitors, serving as a primary technology supplier to major HDD manufacturers.
Industry Context
Intevac, Inc. operates in Thin-film processing equipment.
Key facts
Founded: 1990 · Headquarters: Santa Clara, California, US · Revenue: $63.98M (2024)