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9 December 2015

San’an’s Aixtron AIX R6 MOCVD order cut from 50 systems to just three

Deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany has reached agreement with San’an Optoelectronics Co Ltd (China’s largest LED maker) for a substantial cut in the volume of AIX R6 metal-organic chemical vapor deposition (MOCVD) systems that it ordered (in September 2014) from 50 to the three which have already been delivered.

Despite the efforts made by both parties, the customer’s specific qualification requirements were not achieved. Both parties have agreed to continue their existing partnership by cooperating on future system generations as well as on systems for other applications.

Aixtron says that it will proceed in marketing and the further development of the AIX R6 Showerhead technology. The focus is now on existing customers that have already achieved or are in the process of achieving qualification.

Based on a broader distribution of revenue for equipment in the silicon industry, power electronics and other optoelectronic applications, Aixtron expects to generate full-year revenue of about €190m in 2015 (at the low end of its forecast of €190-200m, which had been revised downwards in late October from the initial forecast given in February of €220m-250m). Aixtron says that its strategy of diversifying its product portfolio has borne fruit in the first nine months of 2015. The target of an earnings before interest, tax, depreciation and amortization (EBITDA) break-even in second-half 2015 remains in place.

Aixtron expects to generate revenue in 2016 of about the same level as 2015. Results for 2015 will be published as planned on 23 February 2016.

See related items:

Aixtron's revenue grows 35% in Q3

Aixtron lowers full-year 2015 revenue guidance from €220m-250m to €190-200m

Aixtron acquires PECVD-based OLED thin-film encapsulation firm PlasmaSi

Aixtron continues reorganization in 2015

Aixtron launches AIX R6 next-generation MOCVD system

China's San'an expands by ordering 50 Aixtron MOCVD systems

See: Aixtron Company Profile

Tags: Aixtron MOCVD

Visit: www.aixtron.com

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