Veeco’s Taiwan Technology Center Opens to Build a Long-term Strategic Partnership in the Great China Market

Veeco Instruments Inc, a supplier of metal organic chemical vapor deposition (MOCVD) equipment for light emitting diodes (LEDs) production, celebrated the opening of its new Taiwan Technology Center (TTC) today in Hsinchu, Taiwan. The goal of Taiwan Technology Center is to ensure customer collaboration and enhanced responsiveness to build a long-term strategic partnership with our key Greater China customers.

Due to the huge demand for LED and the LED chip investment fever, Veeco would like to provide an up-to-date and adequate service and the support of production development. Currently, Veeco accounts for 50% of total revenue in the Taiwanese and Chinese markets. In addition, Veeco values the potential of the great China market development greatly, following China Training Center (CTC) established in China in May, Veeco set up Taiwan Technology Center (TTC) in Hsinchu, Taiwan. Moreover, Veeco plans to establish Korea Development Center (KDC) in Seoul, South Korea in early 2012 and invest US$ 30 million in the great China market. According to LEDinside’s analysis, Veeco’s soaring market share has exceeded that of Aixtron and ranks first in the industry.

John R. Peeler, CEO of Veeco Instruments Inc

Justin Wang, VP/General Manager of Greater China of Veeco Instrument Inc.

[Chart] LEDinside: MOCVD Equipment Suppliers' Market Share

According to Veeco, Taiwan Technology Center is able to provide Taiwanese LED chip makers with proficient technology support. In addition, Veeco will be striving to strengthen the technology support team and enhance its customer service.

MaxBright launched this year was also exhibited in Veeco’s Taiwan Technology Center. Available in a 2 or 4-reactor cluster architecture, the MaxBright system delivers up to a 500% productivity gain over the K465i system. Therefore, MaxBright has become the most productive MOCVD system in the industry. Besides, sequential deposition can be provided if demanded. Presently, Veeco has received orders that total over US$ 100 million and cashed in on the demand for 9 MaxBright MOCVD Systems from the top 3 LED makers in Taiwan.

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