US Vice President will visit the LED chip factory Cree headquarters

According to foreign reports, the White House announced on the 17th that Vice President Joe Biden will join with Energy Minister Steven Chu on Thursday (March 18) to visit the headquarters of LED upstream chip manufacturing company Cree Inc. in North Carolina. With the factory. The White House said that Biden and Zhu Xiwen will give a speech at the time to talk about the Obama administration's concern about creating jobs in renewable energy-related manufacturing.

Cree recently received $39 million in funding through the Federal Economic Revitalization Program to increase LED production capacity. The Associated Press reported that Cree has achieved at least $8.5 million in federal research funds over the past 10 years.

Cree rose 1.03% on the 17th to close at $71.66; the year-to-date increase was 27%. Veeco Instruments, a majors in organic metal chemical vapor deposition (MOCVD) equipment, rose 1.61% to close at $40.44, the highest since August 6, 2001. The stock has risen 22.4% so far this year. Jingdian (2448) MOCVD equipment supplier AIXTRON (ADS) fell 1.59% on the 17th to close at 35.90 US dollars.

The Wall Street Journal and Forbes.com reported on March 11 that Lazard Capital pointed out that Aixtron AG's 2010 shipments (350 units) announced on March 10 were higher than expected, so Veeco's operating conditions are expected to be better than expected this year. INVESTORS.com reported on March 10, Veeco CEO John Peeler revealed that equipment shipments in the fourth quarter of this year will be 120, far higher than the current 45. Peeler said that 80% of global LED manufacturers, including Philips Lumileds, LG and China's Sanan Optoelectronics, are Veeco's customers.

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