VEECO 2Q19 Financial Results Revealed with Decrease in LED Product

US-based equipment provider VEECO reported its financial results of the second quarter of 2019. The company registered revenues of US$97.8 million, compared with US$157.8 million in 2Q18.

VEECO said that its sales in the market of LED lighting, display and compound semiconductor were limited in the second quarter of 2019, taking 10% of the total revenue with US$ 9.69 million. However, VEECO underlined that it recently shipped an advanced MOCVD system to a leading compound semiconductor manufacturer who is piloting the system for ROY LEDs as well as testing processes for other photonics applications including VCSELs.


(image:VEECO)

VEECO expects future business in this market to come from more applications in VCSELs, 3D sensors, laser diodes, and RF devices.

On the other hand, sales in the scientific, industrial and front-end semiconductor market has increased

VEECO’s CEO, William J. Miller commented, “Our Front-End Semi market reached its highest revenue level in several years as we shipped our first EUV mask blank system for volume production. We are also happy to announce we shipped our first beta MOCVD system optimized for photonics applications. This is an important step in our penetration into the arsenide/phosphide MOCVD market with customers focused on VCSELs, edge emitting lasers and ROY LEDs. We continue to work with other customers to place additional systems.

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