Veeco Instruments Inc. (Nasdaq: VECO) announced today that Tsinghua Tongfang
Company, a Beijing-based, publicly listed division of the Tsinghua Holdings
Company Limited, has selected Veeco as its primary supplier of Metal Organic
Chemical Vapor Deposition (MOCVD) systems for their new light-emitting diode
(LED) factory. Veeco booked the initial systems from a large multi-tool purchase
order earlier this month.
Wang Lianghai, Vice President of Tsinghua Tonfang commented, "After thorough
evaluation of available MOCVD systems at our Beijing LED R&D site, we
selected Veeco as our primary supplier for our new production facility in
NanTong which is scheduled to be completed by the end of this year. The
TurboDisc(R) K465i MOCVD systems were the clear winner in terms of cost of
ownership and productivity. We have an aggressive plan to ramp production of
LEDs primarily to address backlighting demand for TVs, and Veeco's technology,
tool performance and customer support best matched our needs."
Bill Miller, Ph.D., Executive Vice President, General Manager of Veeco's
MOCVD Operations, commented, "Tsinghua Tongfang has put together an exciting new
enterprise, moving from the lighting engineering business directly into the
manufacture of LEDs. They have solid financial backing and an experienced
technology team, and we are pleased to support their production ramp."
Veeco Instruments, Inc. designs, manufactures, markets and services enabling
solutions for customers in the HB-LED, solar, data storage, semiconductor,
scientific research and industrial markets. We have leading technology positions
in our three businesses: LED & Solar Process Equipment, Data Storage Process
Equipment, and Metrology Instruments. Veeco's product development, marketing,
engineering and manufacturing facilities are located in New York, New Jersey,
California, Colorado, Arizona, Massachusetts and Minnesota. Global sales and
service offices are located throughout the U.S., Europe, Japan and Asia Pacific.