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Veeco Forms Group to Focus on Data Storage and HB-LED Markets.(Process Equipment Group, Veeco Instruments Inc.)

Wireless News

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Veeco Instruments announced that it has formed a Process Equipment Group to "maximize growth opportunities in the data storage and HB-LED industries."

Edward H. Braun, Chairman and Chief Executive Officer of Veeco, said, "Our Process Equipment Group is a $225 million per year world leader in deposition and etch technologies, focused on the high-growth data storage and high-brightness LED markets. We expect revenue growth in this business to exceed 15 percent in 2006, as market demand for converged consumer electronics with embedded storage and high brightness LED backlit displays broadens, and …

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