Our technology provides high-quality

LEDs and and power semiconductors. The company asserts that its large diameter wafers allow the industry to fabricate power semiconductors and LEDs using existing, standard semiconductor production sites, thereby cutting costs. According to the company, its performance data on 150mm wafers is “already unique” and it will now extend its lead to 200mm substrates.

Vice President Operations of AZZURRO, commented, “Our technology provides high-quality, crack-free GaN layers on 150mm standard silicon wafers with very good crystal quality and extremely low bow values. We chose Veeco’s K465i to produce these high efficiency GaN-on-Si stacks because of its performance, process stability, and high throughput. We believe our GaN-on-Si technology will trigger a new wave of highly efficient and cost-optimized components for the LED and power semiconductor industry.”

Jeff Hawthorne, Veeco’s Senior Vice President, MOCVD, commented, “The power electronics device market is forecasted by Yole Développement to be $25B by 2015, and GaN has the ability to make devices with higher efficiency and switching speed than traditional Si devices. Further, LEDs made with GaN-on-Si technology will enable lower LED costs. We anticipate that the demand for MOCVD tools for these GaN-on-Si applications will grow as technology moves from R&D into production. Veeco’s K465i systems offer key advantages for GaN-on-Si production, including low particle count and excellent yields, and we’re looking forward to continuing to support AZZURRO’s growing GaN-on-Si business.”

Total operating profit margin was 16.7% for the second quarter of 2012, an increase from 15.8% in the same period last year.  During the quarter, the Company recognized $10.7 million of expense relating to the previously announced Eaton Corporation (NYSE: ETN) transaction and certain legacy environmental issues, primarily offset by a $9.1 million gain from the sale of the Envirotemp FR3 fluid business and brand.  Excluding the effect of these items, total operating profit margin was 16.8% for the second quarter of 2012, up from 15.8% in the same period last year.