VECO Veeco Instruments Inc DE

Veeco Instruments Inc. (Nasdaq:VECO) announced that Lumentum Holdings Inc. has ordered the Veeco K475i™ Arsenide/Phosphide (As/P) Metal Organic Chemical Vapor Deposition (MOCVD) System for production of its advanced semiconductor components which address the 3D sensing, high-speed fiber-optic communications and laser-based materials processing end-markets. Lumentum, headquartered in Milpitas, Calif., is a leading manufacturer of innovative optical and photonics products.  

“The global communications, industrial and consumer electronics markets that our proprietary semiconductor lasers address are growing rapidly,” said Susan Wang, vice president of manufacturing at Lumentum. “We chose Veeco’s K475i system with its high capacity/throughput, uniformity of quality, repeatability and exceptional performance to help expand our capacity and better address these growth opportunities. We have a longstanding relationship with Veeco and look forward to future collaboration together.”

The K475i system incorporates proprietary TurboDisc® and Uniform FlowFlange™ MOCVD technologies. These innovations allow Veeco customers to improve compositional uniformity and dopant control while reducing cost-per-wafer by up to 20 percent compared to alternative systems through higher productivity, best-in-class yields and lower operating expenses. Application areas include lighting, solar, laser diodes, vertical-cavity surface-emitting lasers (VCSELs), pseudomorphic high electron mobility transistors (pHEMTs) and heterojunction bipolar transistors (HBTs).

“A leading player in the optical communications and commercial laser markets, Lumentum is well positioned to capitalize on the growing demand for next-generation laser and optical devices using Veeco MOCVD technology,” said Peo Hansson, Ph.D., senior vice president and general manager of MOCVD Operations at Veeco. “As customers look for technologies that enable demanding new applications in increasingly competitive markets, many leading photonics, power electronics and LED device manufacturers continue to choose our proven MOCVD systems that deliver strong wafer uniformity and the lowest cost of ownership.”

About LumentumLumentum (NASDAQ:LITE) is a market-leading manufacturer of innovative optical and photonic products enabling optical networking and commercial laser customers worldwide. Lumentum's optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum's commercial lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in Milpitas, California with research and development, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com.

About VeecoVeeco (NASDAQ:VECO) is a leading manufacturer of innovative semiconductor process equipment. Our proven MOCVD, lithography, laser annealing, ion beam and single wafer etch and 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.

Media Contact:   David Pinto           408-325-6157dpinto@veeco.com

Investor Relations Contact:Anthony Bencivenga516-677-0200 x1308investorrelations@veeco.com