Veeco: Creating the myth of the LED industry
Text / "High-tech LED" reporter Liu Qiaomei
At the launching ceremony of the China Training Center in Shanghai on May 10th, Veeco Global CEO John R. Peeler was in high spirits. After all, Veeco's MOCVD equipment sales increased from a single digit a few years ago to the current hundred-digit number; Wang Keyang, president of Veeco Greater China, is also full of confidence because of the strong performance of the mainland and Taiwan markets.
Undoubtedly, due to the growth of the LED industry, MOCVD equipment for producing LED epitaxial chips has played an increasingly important role in the development of Veeco. MOCVD is becoming Veeco's printing machine. As one of the two largest MOCVD equipment manufacturers in the world, Veeco will leave a mythical story in the history of the LED industry. In the Chinese market, highlights continue to be staged.
Chinese market climbs all the way
According to John R. Peeler's conservative estimate, Veeco's total revenue will exceed $1 billion in 2011, of which more than 50% will come from the Chinese market.
Looking back on past financial reports, it is not difficult to find that the importance of the Chinese market is increasing.
Veeco's total revenue in 2010 was $933 million, of which nearly 30% came from the Chinese market, totaling $267 million, a significant increase from the $30 million in 2009.
According to a staff member who has been serving Veeco since 2006, Gao Liang LED reporters felt that Veeco had only two or three MOCVD equipment sales in the Chinese market, and now it has increased by two or three hundred times. The old employee was thrilled to see such a huge change in Veeco's market in China.
According to John R. Peeler, the global shipment of MOCVD equipment in 2009 was 228 units, reaching more than 800 units in 2010 and between 850 units and 1100 units in 2011. It is expected that the Chinese market will account for 60% of shipments this year. The number of installed units is about 500 units.
At the launching ceremony of the China Training Center in Shanghai on May 10th, Veeco Global CEO John R. Peeler was in high spirits. After all, Veeco's MOCVD equipment sales increased from a single digit a few years ago to the current hundred-digit number; Wang Keyang, president of Veeco Greater China, is also full of confidence because of the strong performance of the mainland and Taiwan markets.
Undoubtedly, due to the growth of the LED industry, MOCVD equipment for producing LED epitaxial chips has played an increasingly important role in the development of Veeco. MOCVD is becoming Veeco's printing machine. As one of the two largest MOCVD equipment manufacturers in the world, Veeco will leave a mythical story in the history of the LED industry. In the Chinese market, highlights continue to be staged.
Chinese market climbs all the way
According to John R. Peeler's conservative estimate, Veeco's total revenue will exceed $1 billion in 2011, of which more than 50% will come from the Chinese market.
Looking back on past financial reports, it is not difficult to find that the importance of the Chinese market is increasing.
Veeco's total revenue in 2010 was $933 million, of which nearly 30% came from the Chinese market, totaling $267 million, a significant increase from the $30 million in 2009.
According to a staff member who has been serving Veeco since 2006, Gao Liang LED reporters felt that Veeco had only two or three MOCVD equipment sales in the Chinese market, and now it has increased by two or three hundred times. The old employee was thrilled to see such a huge change in Veeco's market in China.
According to John R. Peeler, the global shipment of MOCVD equipment in 2009 was 228 units, reaching more than 800 units in 2010 and between 850 units and 1100 units in 2011. It is expected that the Chinese market will account for 60% of shipments this year. The number of installed units is about 500 units.
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