News

14 October 2010

 

Veeco announces $25m Asia expansion plan

At this week’s 7th China International Forum for Solid State Lighting in Shenzhen (14–16 October), John R. Peeler, CEO of epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA, announced a significant expansion of the firm's Asia presence in order to better support the rapid growth of the LED industry and the needs of its customers.

“We see a tremendous opportunity to help our Asian customers to ‘go faster’ to advance brightness and decrease the cost of LEDs,” says 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,” he adds.

The expansion plan includes:

• Shanghai, China - Shanghai Training Center (STC): customer support & training (target opening Q1/2011);

• Hsinchu, Taiwan - Taiwan Technology Center (TTC): applications center & demonstration lab (target opening Q1/2011);

• Korea Development Center (KDC): engineering & process development center, including tool demonstrations and customer training (target opening second-half 2011);

• Singapore: expanded manufacturing center & supply chain hub; and

• Japan: move to direct sales & service for MOCVD from prior sales representative (target effective date, January 2011).

“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 $25m will position Veeco as the region's top equipment supplier and ensure the mutual success of Veeco and our customers,” adds Peeler. “Over time, we will also leverage these new sites to support our customers in solar and other clean-tech markets.”

See related items:

Veeco’s record Q2 driven by LED & Solar revenues growing 66% from Q1

See: Veeco Company Profile

Search: Veeco MOCVD

Visit: www.veeco.com

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