Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has been selected as the primary supplier of Metal Organic Chemical Vapor Deposition (MOCVD) systems by Enraytek Optoelectronics Co., Ltd. (EnRayTek), a new company established to make LEDs for backlighting LED-TVs.
During the fourth quarter of 2010, EnRayTek placed initial orders for Veeco TurboDisc® K465i™ MOCVD systems to be installed at its new LED factory in Shanghai, China.
Veeco TurboDisc® K465i™ MOCVD systems
Dr. George Cherng, Chief Operating Officer of EnRayTek, commented, “We selected Veeco because of their excellent tool performance, MOCVD technology leadership, strong customer support, and commitment to the China marketplace. Our facility is expected to be ready to begin to receive MOCVD tools in Q2, and we believe Veeco will be the best partner to help get us up and running and making high-quality LEDs fast.”
William J. Miller, Ph.D., Executive Vice President, Veeco’s Compound Semiconductor Business, commented, “We are excited to win the EnRayTek business as we believe they have an excellent business plan, good financial backing and solid LED technology and personnel to meet their goal of becoming a major provider of LEDs for TV backlighting. It is our goal to help EnRayTek to ramp to production capacity quickly.”
According to Jim Jenson, Vice President of Marketing for Veeco MOCVD, “Recent industry articles have forecasted that revenues from LED-backlit LCD-TVs are expected to exceed those of CCFL-backlit models for the first time in China during 2011. EnRayTek is focused on capitalizing on this trend.”