Orders of MOCVD equipment from China LED makers are significantly large. Many of them place their orders with ten as their least procurement unit, says John R Peeler, Veeco’s CEO, at the opening ceremony of its Shanghai office. Veeco has already sold 85 units of MOCVD equipment in China, and the figure is expected to 100 soon.

Veeco, a leading LED equipment provider, hosted a grand ceremony to celebrate the opening of its new Shanghai office on November 5th. Major upstream LED companies, including Taiwan’s Formosa Epitaxy Inc., HUGA Optotech Inc., Genesis Photonics Inc., GaN Epi, Inc., Crystal Applied Technology Inc., and mainland China-based SANAN Optoelectronics Co., Ltd., Epilight Technology Co., Ltd., Huaguang Optoelectronics Co., Ltd., Shenzhen Century Epitech LEDs Co., Ltd. and Dalian Luminglight Co., Ltd. all attended the ceremony.

Veeco Instruments Inc. announced its financial results for the third quarter and nine months ended September 30, 2009. The third quarter revenue was $99 million, down 15% on $115.7m a year ago but up on $72m last quarter and well above the guidance of $80-88 million.

Veeco Instruments Inc., announced that Sanan OptoElectronics of China has placed multiple tool orders for Veeco`s TurboDisc Metal Organic Chemical Vapor Deposition (MOCVD) Systems to expand their manufacturing capacity of high brightness light emitting diodes (HB-LEDs).

Widespread application of LED backlight in LCDs has led to a short supply of upstream chips in 2009. As a result, chipmakers are actively expanding production capacity and making large-scale equipment purchases, witnessing industry-wide prosperity.

Veeco Instruments Inc. announced yesterday that Bridgelux, Inc., a U.S. lighting company and leading supplier of energy-saving light-emitting diode (LED)-based light sources, has placed a multi-unit order for Veeco's TurboDisc® K465™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems to support its production ramp.

Veeco Instruments Inc. announced that Philips Lumileds Lighting a solid-state lighting industry pioneer, has selected Veeco’s TurboDisc® K465™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems to support its LUXEON LED production ramp. Veeco received a multi-system order for tools to be shipped to Philips Lumileds over the next two to three quarters.

Veeco Instruments Inc. announced Tuesday the introduction of its Optium® ADS-800TM Series Advanced Dicing System, delivering high productivity dicing solutions for a broad range of demanding applications, including high brightness light emitting diodes (HB-LEDs), solar cells, optics, and microelectronics.  The ADS-800 Series Advanced Dicing System offers superior and repeatable cut quality of devices at unprecedented throughput as compared to other dicing systems.

Raysun Huaguang Optoelectronics Co., Ltd. of China has qualified gallium nitride (GaN) and arsenic phosphide (AsP) metal organic chemical vapor deposition (MOCVD) systems from Veeco Instruments Inc., a tool provider in comprehensive fields, for high volume production of red and blue high-brightness light emitting diodes.

Veeco Instruments has to restructure its MOCVD systems business, as the downturn continues to take its toll on the wider semiconductor industry. At Veeco Q4 earnings call, John Peeler, CEO of the company, has announced its MOCVD systems operation in New Jersey would be hit by the latest move. He said their MOCVD systems business would go to a fully outsourced model by the end of the year. He also outlined a number of wider measures to cut costs, including a 26% reduction in workforce. Veeco will employ less than 1000 employees by the end of 2009.

Recently, Veeco Instruments Inc. (Nasdaq: VECO) announced that LG Innotek Co., Inc. of Korea, has ordered an additional four TurboDisc® K465™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems for HB-LED production. The orders were received in the fourth quarter of 2008.