Veeco Instruments Inc. (Nasdaq: VECO) announced today that Shandong Raysun Huaguang Optoelectronics Co., Ltd. (Huaguang) of China has qualified Veeco's gallium nitride (GaN) and arsenic phosphide (AsP) metal organic chemical vapor deposition (MOCVD) systems for high volume production of red and blue high-brightness light emitting diodes (HB-LEDs).
Zheng Tiemin, General Manager of Raysun Huaguang said, "Huaguang is one of the first companies dedicated to the R&D and mass production of LEDs in the Mainland of China. In the past several years, we have gained significant expertise on Veeco's MOCVD systems, and are satisfied with the efficiency and stability of the tools. The LED market is growing quickly, and Veeco will be an important supplier as we expand our LED product line."
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations commented, "Veeco's TurboDisc® K465(TM) and E450(TM) MOCVD Systems were qualified for production in a short period of time, enabling Huaguang to ramp their production quickly. We are pleased to be supporting Huaguang's volume production needs."
According to Strategies Unlimited, a market research company specializing in compound semiconductor materials, demand for GaN-based blue LEDs and As/P-based red LEDs is expected to grow at the annual rate of more than 15% over the next five years, mainly due to market drivers such as signs and displays, automotive, general illumination and LCD backlighting.