Veeco Instruments to sell systems to Elec-Tech
Veeco Instruments Inc. said Friday that it will sell 130 metal organic chemical vapor deposition systems to Elec-Tech International, which will use the systems at two new LED factories in China.
Veeco makes precision manufacturing equipment for the LED and data storage markets. It did not disclose terms of the agreement with Elec-Tech.
In morning trading, Veeco shares jumped $1.33, or 4.2 percent, to $32.98.