Veeco Instruments (VECO) Ships LED Manufacturing Systems To Invenlux

Veeco Instruments (VECO) has shipped several TurboDisc MOCVD systems to US based LED manufacturer Invenlux in order to ramp capacity at their China LED factory in Haiyan City.  No word on the financials of the deal.

====> Click Here For Your FREE Veeco Instruments Technical Analysis

“Invenlux has a history of producing reliable and efficient blue and green LEDs for LCD backlighting, traffic lights, full color displays, and general illumination,” commented Chris Yan, Ph.D., Chief Executive Officer of Invenlux. “We continue to select Veeco as our supplier of choice for our LED capacity ramp because we believe their MOCVD tools provide a proven advantage in productivity, and a lower cost of ownership when compared to competitive systems.”

Shares of VECO are up fractionally today and continue to work on carving out a new base.  A breakout above 43.39 would be significantly bullish. 

Leave a Reply

Your email address will not be published. Required fields are marked *