Veeco & Aixtron Glow with Elec-Tech Orders of $337.5mn
The MOCVD equipment reactor providers will supply a total of 130 systems for LED epitaxial wafer production.
Shenzhen-listed Elec-Tech International has announced that its two wholly-owned subsidiaries plan to order 130 sets of MOCVD tools and accessories from Veeco Instruments and Aixtron at US $337.5 million.
Wuhu based Elec-Tech Optoelectronic Science and Technology will order 70 (Metal-Organic Chemical Vapor Deposition) MOCVD reactors and accessories from Veeco and 30 from Aixtron.
Elec-Tech Optoelectronic, based in Yangzhou, is to sign an agreement ordering 30 MOCVD tools from Veeco.
Elec-Tech specializes in design, production and sale of Opto-electronics including LED epitaxy, LED chips, encapsulation, LED lighting and LED display, small home appliances, mini & particular motor and wind power equipments.
The firm started to cooperate with South Korea's Epivalley this year to produce LED epitaxy and chips. The total investments include 100 sets of MOCVD devices, and ownership of patents for global sale.
The Yangzhou and Wuhu city governments will grant CNY 8 million to CNY 10 million subsidy for each MOCVD device bought by local enterprises.