Veeco reports its financial results for Q2 2023, with revenues of $162 million (towards the high-end of its guidance) with a net income of $24 million.
Veeco says it remains committed to its microLED opportunities, as its long-term outlook on the microLED industry is positive. In the short term, however, it has sold some GaN-on-Silicon tools, but it has seen market pushing out about a year, and does not expect any significant orders until 2025.
Overall Veeco comments that the microLED industry has the potential to be a large opportunity for Veeco.
Veeco developed 300 mm GaN-on-Silicon microLED deposition tools. In 2020, it announced that Aledia has selected the company's Propel 300mm HVM MOCVD system for its microLED production plant.
Meet Veeco at MicroLED Connect 2026
Veeco will exhibit at booth B04 at MicroLED Connect 2026, taking place on 16-17 September 2026 at the High Tech Campus in Eindhoven, the Netherlands.
Click here to learn more and register.
