At the 7th China International Forum for Solid State Lighting, John R. Peeler, Chief Executive Officer of
Veeco Instruments Inc. (NASDAQ: VECO), announced a significant expansion of Veeco's Asia presence in order to better support the rapid growth of the LED industry and the needs of its customers.
LEDinside recently attended Veeco’s 2010 MOCVD User Group Meeting to learn more about Veeco’s approaches to achieving the company’s objectives.
Mr Peeler elaborates that the reasons behind the expansion plan are:
- Asia represents largest and fastest-growing part of our LED & Solar business
- Bring equipment and talent close to customers to drive their success:
– Help Asian customers achieve targeted LED brightness and cost targets
– Be viewed as the best MOCVD Supplier to do business with
Veeco’s to plan to support China’s LED development roadmap
Picture source: Veeco Instruments
Veeco’s Asia Expansion Plan
Picture source: Veeco Instruments
Mr Peeler asserted Veeco’s commitment to Greater China, “China has and will continue to see huge growth – we want to help Chinese customers to succeed in LED.”
John R. Peeler, Chief Executive Officer of Veeco Instruments, at Veeco’s 2010 MOCVD User Group Meeting
"We see a tremendous opportunity to help our Asian customers to 'go faster' to advance brightness and decrease the cost of LEDs," commented Mr. Peeler. "Veeco intends to provide an unprecedented level of technology development on latest-generation metal organic chemical vapor deposition (MOCVD) systems, customer training, and world class service and support."
Mr. Peeler added, "As our Asian customers continue to accelerate the pace of adoption of LEDs for consumer electronics and solid-state lighting, we believe this strategic investment of more than $25 million will position Veeco as the region's top equipment supplier and ensure the mutual success of Veeco and our customers. Over time, we will also leverage these new sites to support our customers in Solar and other clean tech markets."
Taking a look at Veeco’s LED Business Overview, the company’s objectives are:
- Provide MOCVD solutions to enable LED display backlighting and solid state lighting
- Support our Customers and become the leading MOCVD Equipment Supplier
To achieve the objectives, Mr Peeler highlighted the following approaches:
- Develop next generation MOCVD systems to achieve 4X capital efficiency improvement
- 2011 LED & Solar R&D >$85 million
- Support customer LED manufacturing with broad & deep MOCVD applications expertise
- Deliver superior training and customer support
- Leverage and implement semiconductor industry practices and know-how
Veeco’s TurboDisc® K465i™
Picture source: Veeco Instruments
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