Recently, Veeco has officially set up its new China Training Center (CTC) in Shanghai to cater for the rapid growth of the LED industry and the needs of its customers.
 
The 1700 square meters CTC site housing approximately 40 Veeco employees, is equipped with three classrooms as well as Veeco’s market leading TurboDisc® K465i™ MOCVD system. TurboDisc MOCVD system introduction, epitaxial process characterization, and more advanced hands-on training classes in hardware maintenance and trouble-shooting are comprised of this training.

Justin Wang, General Manager, Veeco Greater China region, noted, “This training center is the first of its kind to be established for the LED industry in China. Our goal is to train hundreds of engineers to use our MOCVD tools in the next 12 months.”

According to John R. Peeler, Veeco’s Chief Executive Officer, commented at the ribbon-cutting ceremony, China has actively invested in LED amrket, both for its own domestic consumption and to export with the target to convert 30% of the domestic lighting market to LEDs by 2015. China represented nearly 30% of Veeco’s 2010 revenue, or $267 million, up from $30 million in 2009, and Chinese companies will potentially represent over half of $1 billion-plus revenue forecasted for 2011. Last year, Veeco shipped MOCVD tools to 20 customers including existing LED manufacturers, joint venture companies and some new start-up enterprises. He excited to be opening our new Shanghai customer training and support center to support this explosive growth and strengthen our leadership position in China.”

Mr. Peeler also added that , “Veeco will invest over $30 million in 2011 to dramatically expand its Asia footprint to help customers continue to accelerate the pace of adoption of LEDs for consumer electronics and solid-state lighting, including additional new R&D/demo and process support sites in Hsinchu, Taiwan (opening in August) and Seoul, Korea (opening early 2012).”