Update: Veeco - Aixtron Confirms That The LED Equipment Industry Is Bottoming Out
AtonRa Partners • Wed, Oct. 1
- Aixtron, Veeco's main competitor, received last week an order for 50 Next Generation MOCVD tools.
- This confirms our view that recent order weakness has probably been due to LED manufacturers waiting for Veeco and Aixtron to ship new tools in H2.
- We believe that pent-up demand has been building in recent quarters, and that orders and revenues will pick up soon.