Sanan and Aixtron agree to reduce MOCVD order
German deposition equipment company Aixtron has reached an agreement with Chinese LED maker San'an Optoelectronics to cut the number AIX R6 MOCVD systems ordered last year from 50 to the three which have already been delivered.
Despite the efforts made by both parties, the customer's specific qualification requirements were not achieved. Both parties agreed to continue their existing partnership by cooperating on future system generations as well as on systems for other applications.
Aixtron will proceed in marketing and the further development of the AIX R6 Showerhead technology. The focus is now on existing customers that have already achieved or are in the process of achieving qualification.
Impact on revenue and earnings
Based on a broader distribution of revenue for equipment in the silicon industry, power electronics and other optoelectronic applications, the company says it still expects to generate full-year revenues of approximately €190 million in 2015.
The target of an EBITDA break-even in the second half of 2015 remains in place. Aixtron expects to generate revenues in 2016 of around the same level as 2015.
