Instruments Inc. (Nasdaq: VECO) announced today that Shandong Raysun Huaguang
Optoelectronics Co., Ltd. (Huaguang) of China has qualified Veeco's gallium
nitride (GaN) and arsenic phosphide (AsP) metal organic chemical vapor deposition
(MOCVD) systems for high volume production of red and blue high-brightness light
emitting diodes (HB-LEDs).
Zheng Tiemin, General Manager of Raysun Huaguang said, "Huaguang is one
of the first companies dedicated to the R&D and mass production of LEDs
in the Mainland of China. In the past several years, we have gained significant
expertise on Veeco's MOCVD systems, and are satisfied with the efficiency and
stability of the tools. The LED market is growing quickly, and Veeco will be
an important supplier as we expand our LED product line."
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD
Operations commented, "Veeco's TurboDisc® K465(TM) and E450(TM) MOCVD
Systems were qualified for production in a short period of time, enabling Huaguang
to ramp their production quickly. We are pleased to be supporting Huaguang's
volume production needs."
According to Strategies Unlimited, a market research company specializing in
compound semiconductor materials, demand for GaN-based blue LEDs and As/P-based
red LEDs is expected to grow at the annual rate of more than 15% over the next
five years, mainly due to market drivers such as signs and displays, automotive,
general illumination and LCD backlighting.