SemiLEDs Qualifies Veeco MOCVD System for High Volume LED Production

Published on Tuesday, 07 February 2012 08:36 Written by TradersHuddle Staff

PLAINVIEW, N.Y.-( Business Wire )-

Veeco Instruments Inc. (Nasdaq: VECO) announced today that SemiLEDs Corporation (Nasdaq: LEDS) has recently qualified the TurboDisc® K465i™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System for high-volume production of high brightness light emitting diodes (LEDs) at its state-of-the-art manufacturing facility in Taiwan.

Chuong A. Tran, Ph.D., President, Chief Operating Officer, of SemiLEDs commented, “We have placed Veeco’s K465i system into our production facility in Taiwan. In addition to their proven MOCVD technology, Veeco’s commitment to providing best-in-class LED manufacturing equipment, as well as enhanced local support with their technology center in Hsinchu, makes the selection of Veeco as our vendor a logical choice.”

William J. Miller, Ph.D., Veeco’s Executive Vice President, Process Equipment, commented, “We are very pleased SemiLEDs chose Veeco to be a new supplier of MOCVD equipment. Our TurboDisc K465i platform consistently offers excellent productivity while keeping production costs low. Our Taiwan Technology Center will help the SemiLEDs Taiwan team learn best practices to maximize the value of their new system and grow as a leader in the energy-efficient lighting market.”

About SemiLEDs

SemiLEDs develops and manufactures LED chips and LED components primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. SemiLEDs sells blue, green and ultraviolet (UV) LED chips under the MvpLED brand. http://www.semileds.com/

About Veeco

Veeco makes equipment to develop and manufacture LEDs, solar cells, hard disk drives and other devices. We support our customers through product development, manufacturing, sales and service sites in the U.S., Korea, Taiwan, China, Singapore, Japan, Europe and other locations. Please visit us at 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, 2010 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.

Veeco Instruments Inc.Financial:Debra Wasser, 516-677-0200 x1472SVP Investor Relations & Corporate CommunicationsorMedia:Fran Brennen, 516-677-0200 x1222Senior Director Marcom