Plainview-based Veeco Instruments Inc., a maker of the tools used to create light-emitting diodes, has made a major sale of the instruments to a Chinese manufacturer.
The Veeco tools will be used primarily to produce backlighting LEDs, which are in high demand for use in laptop screens, PC monitors, flat screen TVs and cell phones.
LEDs are increasingly in favor by electronics makers because they consume far less power than traditional light sources and extend battery life.
The buyer, Elec-Tech International, with two factories in Guangdong Province, also uses LEDs to illuminate the screens of small home appliances such as coffee makers and breadmakers, and for treadmills and other exercise machines.
Elec-Tech is buying a total of 130 MOCVD (metal organic chemical vapor deposition) tools, with “the majority” of the tools coming from Veeco. The specific Veeco model sold is the TurboDisc K465i, shown above. Each tool sells for $2.5 million. A Veeco official on Friday declined to say exactly how many of the 130 tools it will supply, or to provide the overall dollar value of the sale.
Elec-Tech said its goal is to become one of China's three largest producers of LEDs within two years. It will produce LEDs using Veeco's instruments in new factories in Wuhu and Yangzhou, China.
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