LED chip would bring lots of gross margin

Veeco's Chief Executive Officer, commented, "Tom brings a broad, global technology background to Veeco's Board that includes experience in multi-national organizations and clean technology. We are excited to have Tom join our Board and believe he will quickly become a valued advisor and partner in Veeco's future growth."

Prior to joining GT Solar in 2009, Mr. Gutierrez served as Chief Executive Officer and a member of the board of directors of Xerium Technologies Inc., a multinational company that develops, manufactures and markets technically advanced synthetic textiles from 2001 to 2008. From 1995 to 2001, Mr. Gutierrez served as Chief Executive Officer of Invensys Power Systems, a $3 billion world leader in power control and energy storage systems and services LED Linear high bay light for industrial applications. Mr. Gutierrez has extensive international experience in product development, manufacturing, marketing and sales. He received his BSc. degree in Electrical Engineering from Florida Institute of Technology.

Formosa Epitaxy chairman noted, the company expected LED chip demand return to the levels of the first half of 2010 in February and March of 2011, and mass shipments for applications in tablet PCs would begin in February as well.

Formosa pointed out, with Samsung Electronics and led high bay light Electronics beginning sourcing from LED chipmakers in Taiwan, LED chip would bring lots of gross margin. Meanwhile, in the LED TV market, its penetration would increase substantially in 2011 due to falling prices and gross margin for the sector to make a new record. And affected from new applications, gross margin would still maintain at 30-35% in 2011