Valence Process Equipment, Inc. (VPE) has announced the commercial release of the VPE GaN-500 MOCVD system, a new metal organic chemical vapor deposition (MOCVD) system for production of high-brightness light emitting diodes (LEDs). The VPE system includes a reactor that is designed around a novel (patent pending) chamber and gas-injector, resulting in the highly efficient use of pre-cursor gases. The system has a capacity of 59 two-inch wafers with a future upgrade path to 72 two-inch or 20 four-inch wafers.
The organisation says that the restriction of the use of indium phosphide and gallium arsenide would have a negative impact on the semiconductor industry and Europe as a whole. SEMI has also described a new directive which will bring down patent application costs
Oclaro, a provider of optical components, modules and subsystems, has announced the financial results for its third quarter of fiscal year 2013, which ended March 30, 2013. Oclaro also announced it has secured $25 million in short-term bridge loans from Providence Equity Capital Markets, who joins Wells Fargo Bank and Silicon Valley Bank as a lender under Oclaro's existing credit agreement.
Cree reports a breakthrough innovation in canopy LED lighting with the introduction of the CPY250 canopy and soffit lighting series. According to Cree it Consumes 75 percent less energy than the MH (metal halide) systems it’s designed to replace and 5–15 percent less energy with more than 35 percent increased performance compared to competing higher-cost LED luminaires, the new CPY Series delivers exceptional visual environments across a range of canopy applications, including gas stations, bank drive-through ATMs and hotel/airport drop-off centers.
GAAP net revenue was $405.3 million, with net loss of $(28.0) million, or $(0.12) per share. Prior quarter net revenue was $429.4 million, with net income of $4.1 million, or $0.02 per share. Net revenue for fiscal 2012 third quarter was $403.3 million, with net loss of $(17.4) million, or $(0.08) per share.