PLAINVIEW, NY–(Marketwired – January 09, 2018) – Veeco Instruments Inc. (NASDAQ: VECO) announced today that OSRAM Opto Semiconductors GmbH has ordered a multi-reactor Propel™ High Volume Manufacturing (HVM) Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System.
The Propel HVM platform, recently introduced for high volume production of power electronics, laser diodes, RF semiconductor devices and advanced LEDs, is based on the innovative Propel Power GaN MOCVD single wafer system with proprietary IsoFlange™ and SymmHeat™ technologies that provide homogeneous laminar flow and uniform temperature profile across the entire wafer. The K475i™ system incorporates Veeco’s Uniform FlowFlange™ technology producing films with very high uniformity and improved within-wafer and wafer-to-wafer repeatability with the industry’s lowest particle generation for demanding applications like photonics and advanced LEDs.
“We are pleased to provide OSRAM with more leading-edge technology to support their diversified and world-class product portfolio,” said Peo Hansson, Ph.D., Senior Vice President and General Manager of Veeco MOCVD Operations. “The new Propel HVM system offers superior film quality, improved dopant control, robust production capabilities and the industry’s lowest cost of ownership to enable advanced electronic devices with greater energy efficiency, a smaller form factor and exceptional reliability. OSRAM’s purchase of multiple K475i systems is also evidence that Veeco’s MOCVD solutions meet the most demanding process requirements for automotive, advanced display and sensor applications.”
OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor-based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smart phones to smart and connected lighting solutions in buildings and cities. OSRAM uses the endless possibilities of light to improve the quality of life for individuals and communities. OSRAM’s innovations enable people all over the world not only to see better, but also to communicate, travel, work and live better. OSRAM has approximately 26,400 employees worldwide as of end of fiscal 2017 (September 30) and generated revenue of more than EUR4.1 billion. 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 (NASDAQ: VECO) is a leading manufacturer of innovative semiconductor process equipment. Our proven MOCVD, lithography, laser annealing, ion beam and single wafer etch & clean technologies play an integral role in producing LEDs for solid-state lighting and displays, and in the fabrication of advanced semiconductor devices. With equipment designed to maximize performance, yield and cost of ownership, Veeco holds technology leadership positions in all these served markets. To learn more about Veeco’s innovative equipment and services, 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, 2016 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.