Shares of both Veeco (VECO) and Aixtron (AIXG) on a report that the two companies are likely to get new competition in the market for metal-organic chemical-vapor deposition (MOCVD) equipment, which is used to make LEDs.
Raymond James analyst Hans Mosesmann notes in a report that both Samsung and Applied Materials (AMAT) could enter the market, according to EE TImes.
Mosesmann says that he hears Samsung is developing its own MOCVD tools, that it likely means the company “will not rest until it is number one” – or at least it will “make it painful for everyone else along the way.” He says that Saumsung is developing the tools for its own use, and will not be a merchant supplier.
The story adds that Applied Materials also “may be listing to customers’ wishes” for an MOCVD solution.
In today’s market:
- Veeco is down $5.40, or 11.9%, to $40.08.
- Aixtron is down $1.82, or 5.6%, to $30.81.
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