Veeco to Sell Metrology Business and Gets Massive MOCVD Order from China for LED Production
Source/Type: News - Staff reports

Author: CompoundSemi News Staff

August 16, 2010... Veeco of Plainview, New York USA, has agreed to sell its Metrology business to Bruker Corporation, a provider of scientific instruments for molecular and materials research for $229 million in cash. The transaction has been approved by the boards of both companies and is expected to close in Q4 of 2010, pending regulatory review and subject to customary closing conditions. John R. Peeler, Veeco's CEO indicated that the company plans to focus on its LED & Solar and Data Storage Process Equipment businesses.

The sale will transfer ownership of Veeco's Atomic Force Microscope (AFM) business in Santa Barbara, CA and its Optical Industrial Metrology (OIM) business in Tucson, AZ, as well as Veeco's associated global AFM/OIM field sales and support organization. Bruker intends to combine Veeco Metrology with its global Bruker Nano instruments business, which currently sells systems and analytical solutions for materials and nanotechnology research.

Veeco also reports that Elec-Tech International, a Shenzhen electronics company, selected its TurboDisc K465i Metal Organic Chemical Vapor Deposition (MOCVD) systems for two new LED factories in Wuhu and Yangzhou, China. In August Veeco booked the initial systems from a large multi-tool order from Elec-Tech's LED subsidiary, Elec-Tech Optoelectronic Technology (Wuhu). In a cooperative agreement Elec-Tech and South Korean firm EpiValley plan to jointly develop the Chinese LED market. Elec-Tech indicated that it will purchase 130 MOCVD systems with the vast majority coming from Veeco. Elec-Tech noted that most of its LED production would go towards the BLU market.

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