SOURCE: Veeco Instruments Inc.

Veeco

September 12, 2016 08:00 ET

Leading Chinese Led Manufacturer Orders Veeco MOCVD Systems for High Volume Production

PLAINVIEW, NY--(Marketwired - September 12, 2016) - Veeco Instruments Inc. (NASDAQ: VECO) announced today that HC SemiTek Corporation, one of China's leading solid state lighting manufacturers, has ordered multiple TurboDisc® EPIK™ 700 GaN (Gallium Nitride) Metal Organic Chemical Vapor Deposition (MOCVD) Systems and the TurboDisc K475i™ As/P (Arsenic Phosphide) MOCVD System for production of light emitting diodes (LEDs).

According to HC SemiTek, the systems were ordered based on the award-winning EPIK platform and their own experience with other Veeco MOCVD reactors, including the TurboDisc MaxBright®, K465i™ and K475™ MOCVD systems. The EPIK and K475i systems will be installed to meet market demand driven by the need for high performance LEDs in Lighting and fine-pitch displays.

"Veeco's track record of introducing industry-leading MOCVD technology and the seamless process transfer between legacy and new Veeco platforms made this an easy decision," said Dr. Rong Liu, President of HC SemiTek. "Adding the EPIK and K475i systems to our production fleet ensures we can achieve the most optimal device performance while lowering our cost of ownership to accelerate our company's growth objectives."

Introduced in 2014, the EPIK 700 MOCVD system is the LED industry's highest productivity system for blue/green LEDs. The K475i system, introduced earlier this year, can be used to make red, orange and yellow LEDs, as well as multi-junction III-V solar cells, laser diodes and transistors. Based on Veeco's proven TurboDisc technology and the proprietary Uniform FlowFlange™, Veeco MOCVD systems enable customers to achieve a cost per wafer savings of up to 20 percent compared to previous MOCVD systems through improved wafer uniformity, reduced operating expenses and increased productivity.

"HC SemiTek, a leader in the Chinese LED market, has long been a valuable and important customer to Veeco," said William J. Miller, Ph.D., President of Veeco. "Our entire suite of TurboDisc-based MOCVD systems, including the EPIK and K475i, features higher yields and lower cost of ownership by providing excellent uniformity, higher productivity, proven automation and improved footprint efficiency. These advancements significantly improve the cost per wafer for our customers."

About HC SemiTek Corporation

HC SemiTek Corporation, formerly Wuhan HC SemiTek Co., Ltd., is a leading LED chip supplier based in Wuhan, China, and traded publicly on the Shenzhen Stock Exchange. HC SemiTek is committed to R&D, production and sales of high-quality LED chips, including full-spectrum visible light LEDs. Currently, they serve clients worldwide, and their products have been successfully applied to a number of key projects. More information can be found at http://www.hcsemitek.com

About Veeco

Veeco's process equipment solutions enable the manufacture of LEDs, displays, power electronics, compound semiconductors, hard disk drives, semiconductors, MEMS and wireless chips. We are the leader in MOCVD, MBE, Ion Beam, Wet Etch single wafer processing and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2015 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

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