Multi-Year Agreement Declares Veeco Sole Provider of MOCVD and PSP Manufacturing Technology
PLAINVIEW, NY — (Marketwired) — 12/19/16 — Veeco Instruments Inc. (NASDAQ: VECO) announced today that OSRAM Opto Semiconductors GmbH has completed an agreement naming Veeco as the supplier for Metal Organic Chemical Vapor Deposition (MOCVD) and Precision Surface Processing (PSP) systems needed for high-volume LED production in Kulim. As part of the agreement, OSRAM Opto Semiconductors has ordered multiple TurboDisc® EPIK®700 Gallium Nitride (GaN) MOCVD, and WaferStorm® 3306 PSP Wet Process systems.
Veeco’s production-proven TurboDisc and Uniform FlowFlange™ MOCVD technologies have enabled LED manufacturers to achieve an improved cost per wafer savings compared to previous MOCVD systems through enhanced wafer uniformity, reduced operating expenses and increased productivity. The WaferStorm PSP Wet Process System is a solvent-based platform that integrates Veeco’s proprietary ImmJET™ technology for improved yield, higher throughput, and lower chemical cost than conventional methods for metal lift-off and other back-end compound semiconductor processes.
“We are pleased that OSRAM Opto Semiconductors has selected Veeco as a partner in their Diamond initiative, a clear indication that Veeco’s LED manufacturing solutions are best-in-class at lowering manufacturing costs and driving high levels of productivity,” said William J. Miller, Ph.D., President at Veeco. “In addition to industry-leading MOCVD equipment, Veeco’s WaferStorm platform provides distinct advantages to the back-end wafer cleaning process. As we move forward with this exclusive multi-year partnership, we plan to support OSRAM’s impressive expansion plans with advanced Veeco technology and process expertise.”
OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back about 100 years. The product portfolio includes high-tech applications based on semiconductor technology such as infrared or laser lighting. The products are used in highly diverse applications ranging from virtual reality, autonomous driving or mobile phones to smart and connected lighting solutions in buildings and cities. In automotive lighting, the company is the global market and technology leader. Based on continuing operations (excluding Ledvance), OSRAM had around 24,600 employees worldwide at the end of fiscal 2016 (September 30) and generated revenue of almost EUR3.8 billion in that fiscal year. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED400; trading symbol: OSR). Additional information can be found at www.osram.com.
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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