news digest ♦ Equipment and Materials
This technology is expected to be in high demand in volume manufacturing environments for integrated optics, micro- electro-mechanical systems (MEMs), implantable devices in the biomedical sector and batteries and fuel cells in the energy market.
Ultratech Chairman and Chief Executive Officer Arthur W. Zafiropoulo states, “By creating a new state-of-the-art facility and leveraging the valuable Cambridge NanoTech intellectual property, we have further enhanced our ability to advance the development of next-generation ALD solutions. In addition, we have retained the same team that Cambridge NanoTech customers have worked with in the past. “
Zafiropoulo concludes, “The completion of the new facility marks our successful integration of the Cambridge NanoTech assets into Ultratech’s nanotechnology product group. By investing in the expansion of these operations, we expect to generate increased revenue in new and existing markets. Ultratech, and our ALD unit, Ultratech/Cambridge NanoTech, will continue to focus on technology solutions that support our global customers’ advanced product and technology roadmaps.”
Pricing pressure takes its toll
on Veeco’s financials With few MOCVD deals available, Veeco continues to experience significant competitive pricing pressure which is having an adverse impact on the company’s margins and breakeven level
Veeco Instruments is providing select financial metrics and business highlights for the quarter ended June 30th, 2013.
Due to the accounting review announced on November 15th, 2012, the company is unable to report revenue and earnings information.
Second quarter 2013 bookings were $85 million, up 21% sequentially, including: LED & Solar $58 million (MOCVD $52 million and MBE $6 million), and Data Storage $27 million.
Second quarter shipments were up sequentially in MOCVD and were flat in MBE and Data Storage.
John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “MOCVD orders improved about 42 percent sequentially to $52 million as we won some important deals with top customers in Korea, Taiwan and China. Data Storage and MBE business conditions remain muted as customers continue to tightly manage their capital expenditures, so second quarter orders were flat on a sequential basis.”
“Market signals in MOCVD remain mixed. On the positive side, utilisation rates in Asia are high and stable, and customers express optimism for their LED business profitability and growth. Customers report strong demand for mid-power LEDs for indoor replacement bulbs and high-power LEDs for outdoor lighting.”
Yet, they remain extremely cautious about capacity expansion. As a result, while quoting activity has increased from earlier in the year, the conversion process from quotation to purchase order is slow. We expect MOCVD order patterns to remain choppy as the timing of large multi-unit deals can have a significant impact on our quarterly bookings levels.”
“While our Data Storage customers remain cautious on capacity additions, the decline in areal density growth and resulting increase in drive component count (i.e. heads and media per drive) could pressure manufacturing capacity later in the year. In the meantime, we remain focused on collaborating with our customers on development of next-generation solutions that are aligned with their roadmaps.”
Peeler concluded, “We are pleased that Veeco continues to weather this business downturn with a strong cash position. We are making significant progress on our accounting review and have achieved several key milestones. It is a top priority for Veeco to conclude this review as soon as possible, be able to report complete financial results, and get up-to-date on our delayed filings.”
Veeco big in China with multiple MOCVD order from Sanan
The largest LED manufacturer in China will use the reactor to grsow LEDs for applications including backlighting and general illumination
Sanan Optoelectronics placed a multi-tool order for Veeco’s TurboDisc MaxBright M MOCVD systems in the third quarter of 2013.
The multi-reactor systems will be used to ramp production of LEDs in its Xiamen, China fab for applications including backlighting and general illumination.
The company’s unaudited cash balance at June 30th, 2013 was $585 million, down slightly from the $588 million reported at the end of the March quarter.
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www.compoundsemiconductor.net August/September 2013
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