This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

HC SemiTek Purchases Additional Veeco MOCVD Systems For LED Production

Veeco Instruments Inc. (Nasdaq: VECO) announced today that HC SemiTek Corporation (300323: CH), one of China’s leading LED manufacturers, has purchased additional TurboDisc® MaxBright® GaN MOCVD Systems for high volume production of light emitting diodes (LEDs) for display and general lighting applications. The order, placed in the third quarter of 2012, was for Veeco’s new High Performance (MHP) version of the system.

Dr. Rong Liu, President of HC SemiTek, stated, “Veeco’s MOCVD products offer stable process and have already helped us to successfully produce high quality, high brightness LEDs. The addition of MaxBright MHPs to our manufacturing line will allow us to ramp additional production quickly, due to the seamless process transfer from our existing Veeco toolset.”

Jeff Hawthorne, Veeco’s Senior Vice President, MOCVD, commented, "We are pleased HC SemiTek has once again chosen Veeco’s MOCVD technology for their production requirements. The MaxBright MHP helps drive our customers’ productivity and yield, while reducing manufacturing costs.”

About the TurboDisc MaxBright MHP GaN MOCVD Multi-Reactor System

The MaxBright MHP is the industry's most productive MOCVD system designed to manufacture high quality, high brightness LEDs, by providing as much as 20% within-wafer wavelength uniformity improvement, enhanced serviceability and a 15% increase in footprint efficiency as compared to the MaxBright. Higher yields are achieved from improved thermal and flow capability. This system leverages Veeco’s production-proven Uniform FlowFlange® technology and automation expertise by combining multiple high throughput MOCVD reactors in a modular 2- or 4-reactor cluster architecture.

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, mainly in GaN-based blue and green LEDs. Currently, they serve clients throughout the country, and their products have been successfully applied to a number of domestic key projects. More information can be found at http://www.hcsemitek.com/en/index.asp.

About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam 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, 2011 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.

Stock quotes in this article: VECO 
Copyright Business Wire 2010

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs