Veeco Instruments Inc., the world’s leading supplier of metal organic chemical vapor deposition (MOCVD) systems, announced today that it has signed a joint development project (JDP) agreement with imec, the Belgium-based nano-electronics research center.  The collaboration is expected to accelerate the development of highly-efficient, Gallium Nitride (GaN) based, power electronic devices using GaN Epi wafers created using Veeco’s Propel® Power GaN MOCVD system.

Veeco Instruments announced  William (Bill) J. Miller, Ph.D. has been promoted to President, effective immediately.  In his new role, Dr. Miller will have direct responsibility over all of Veeco’s business units and central R&D.  He will also oversee global manufacturing operations, a responsibility he assumed in 2015.

Veeco Instruments announced today that it has received multiple orders from a leading foundry in Asia for its Precision Surface Processing (PSP) WaferStorm™ system.  The WaferStorm platform provides wafer processing solutions for advanced packaging applications.

U.S. MOCVD equipment manufacturer Veeco latest financial results shows the company's revenues increased 38% compared to the same period last year. The company did not break down its earnings into particular market sectors or applications.

Veeco Instruments Inc. (Nasdaq:VECO) announced today that it has shipped the 50th TurboDisc® EPIK™700 GaN Metal Organic Chemical Vapor Deposition (MOCVD) System reactor since its introduction ten months ago.

Veeco Instruments announced today that Xiamen Changelight (Changelight) has purchased multiple TurboDisc® EPIK™ 700 Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems for faster production and greater yield of high-quality LED for general lighting applications.

Veeco Instruments announced its financial results for the first quarter ended March 31, 2015. Results are reported in conformity with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

Veeco Instruments announced today that the University of Cambridge, one of the most highly regarded research universities in the world, has ordered thePropel™ Power Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System for GaN-on-silicon (Si) power electronics and light emitting diode (LED) research and development.

Veeco Instruments announced today that KaiStar Lighting, based in Xiamen, China has ordered multiple TurboDisc® EPIK700™ Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems. KaiStar, a joint venture between Epistar Corporation and Shenzhen Kaifa Technology Co., Ltd., will use the EPIK700 systems to ramp production of light emitting diodes (LEDs) for the general lighting market.

Veeco Instruments announced Susan Wang has been nominated for appointment to its Board of Directors. Her appointment is subject to shareholder approval, which is being sought at Veeco’s 2015 annual meeting of stockholders, scheduled to occur on May 13, 2015.

Veeco Instruments announced today that a leading Taiwanese semiconductor foundry has placed a repeat order for multiple Apex™ Gas Mixing Systems.  The systems are expected to reduce germane (GeH4) purchase costs by up to 40% and increase yield for the foundry’s most advanced processes by delivering repeatable mixtures of GeH4 in hydrogen for silicon germanium epitaxy. 

Veeco Instruments announced that the Fraunhofer Institute for Applied Solid State Physics IAF, a leading German compound semiconductor research institution, has purchased a TurboDisc® K465i Gallium Nitride (GaN) MOCVD System. 

San’an Opto’s board recently approved its Xiamen arm’s MOCVD procurement method plans, according to a recent company statement.

Another challenging year awaits Taiwanese manufacturers as major Chinese LED chip manufacturer San’an Opto acquires a total of 100 MOCVD reactors in September and December and have said that the company will continue to headhunt Taiwanese experts, according to a report of China Times.

San’an Opto’s plans of installing another 50 MOCVD equipment was approved by the company board on Dec. 11, 2014, according to several Chinese media reports.

Veeco Instruments announced that it has acquired privately held Solid State Equipment Holdings LLC (“SSEC”), based in Horsham, Pennsylvania. SSEC is a leading innovator in single wafer wet etch, clean and surface preparation equipment targeting high growth segments in advanced packaging, micro-electro-mechanical systems (MEMS) and compound semiconductor.

Veeco Instruments introduced the Propel™ Power Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) system, which incorporates single-wafer reactor technology for outstanding film uniformity, yield and device performance. This new 200mm MOCVD system and technology enables the development of highly-efficient GaN-based power electronic devices that will accelerate the industry’s transition from R&D to high volume production.

Veeco Instruments Inc. (Nasdaq:VECO) announced its financial results for the third quarter ended September 30, 2014. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Refer to the attached table for details of the reconciliation between GAAP operating results and Non-GAAP operating results.

Veeco Instruments announced today that Epistar Corporation (TSE:2448) has successfully evaluated and accepted the new TurboDisc® EPIK700™ Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) system for the production of LEDs.

Kateeva today announced that it has closed its Series D round with US $38 million in financing. The newest participant is Samsung Venture Investment Corporation (SVIC). Existing investors also contributed. They include: Sigma Partners, Spark Capital, Madrone Capital Partners, DBL Investors, New Science Ventures, and VEECO Instruments, Inc.

Veeco Instruments announced today that Tufts University in Medford, Massachusetts has ordered two GENxplor™ R&D Molecular Beam Epitaxy (MBE) Systems for cutting-edge compound semiconductor research.

Veeco Instruments introduced today the new TurboDisc® EPIK700™ Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) system that combines the industry’s highest productivity and best-in-class yields with low cost of operation, further enabling lower manufacturing costs for light emitting diodes (LEDs) for general lighting applications.

Veeco Instruments announced its financial results for the second quarter ended June 30, 2014. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Please refer to the attached table for details of the reconciliation between GAAP operating results and Non-GAAP operating results.

Veeco Instruments (Veeco) announced today that Xiamen Changelight Co. (Changelight) has selected the Company as its primary equipment provider as it enters the market to produce gallium nitride (GaN) based blue/green high brightness light emitting diodes (LEDs) for display and general lighting applications.

Agnitron Technology is scheduled to ship its latest 1500°C+ reactor upgrade for the Veeco MOCVD D-series Legacy System platform. The single 2 or 3 inch wafer, vertical quartz tube reactor upgrade will be fitted to a D180 system at the Korean Photonics Technology Institute (Kopti) in Gwangju, Seoul, South Korea. The upgrade will ship from Agnitron’s facility in Eden Prairie, MN in July after completion of final preshipment verification testing. 

Veeco  Instruments  Inc.  (Nasdaq:  VECO)  has  formed  a  strategic partnership  with  Agnitron  Technology,  Inc.,  a  focused  compound  semiconductor  research  and  development company specializing in the refurbishment and upgrade of Veeco legacy metal organic chemical vapor deposition (MOCVD) equipment. 

Veeco Instruments Inc. has appointed Shubham Maheshwari, 42, as its new Executive Vice President, Finance and Chief Financial Officer (CFO). Mr. Maheshwari replaces David D. Glass, who announced his retirement from Veeco last December.

Veeco Instruments Inc. announced its financial results for the first quarter ended March 31, 2014. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. 

The Chinese government first began providing LED lighting businesses with subsidies in 2009 which lead to explosive growth within the industry. However, at the time there was a lack in chip manufacturing technology so Metal-organic Chemical Vapor Deposition (MOCVD) units needed to be brought in from abroad. 

GAAP Results ($M except per share data)             Q4 ‘13         Q4 ‘13         Revenues     $106.8    ...