Aixtron purpose of this thread

Most substrate materials are, at the moment, controlled by major IDMs as US-based Cree and II-VI, Japan-based Rohm, and Europe-based STMicroelectronics. In response to this, certain Chinese suppliers, including SICC and Tankeblue, have successively entered the substrate market with the support of China's 14th five-year plan, with an aim to accelerate China's goal of semiconductor self-sufficiency.

Although substrate suppliers from Europe, the US, and Japan enjoy an early presence in the market and possess relatively mature process technologies, TrendForce believes that Taiwanese suppliers still hold certain competitive advantages.

For instance, not only do Taiwanese companies have vast experiences in silicon development, but Taiwan is also home to a comprehensive upstream/downstream silicon supply chain. In addition to these aforementioned advantages, Taiwan is further aided by policies that promote domestic material supply, design, and technological development. Taiwan could therefore achieve its goal of becoming a centre of advanced semiconductor fabrication that derives its strength from a gradually maturing front-end substrate and epitaxy industry chain, as well as mid- and back-end competencies in chip design, manufacturing, and packaging.

Currently, two major strategic alliances, led by Hermes-Epitek (with subsidiaries EPI and EPISIL), and SAS (with subsidiaries GW, AWSC, CWT, and ATC) are attempting to maximise their efforts in Taiwan's lacking substrate industry. Furthermore, TAISIC, jointly funded by KENMEC and TAINERGY, has submitted 4-inch SiC substrates for qualification and is actively investing in 6-inch SiC substrate R&D.

compoundsemiconductor.net/article/113584/...rowing_At_78_CAGR

Veeco had a total sales of $23M on wet processing + MOCVD in Q3, and the MOCVD revenue is likely to be a small fraction of the $23m.  The below is from the CC last night. It seems Veeco's  MOCVD are still mainly at the EVA (EVALUATION) stage, so VEECO has a lot of catching up to do:

Auguste Philip Richard -- Northland Capital Markets -- Research Division-MD & Senior Research Analyst

Got it. And then on the compound semi, I think you've mentioned power, RF and photonics. Now I was just wondering if you could give a little bit of color on the MOCVD side, how much of your business these days is photonics and how much of it is power? And how much of it is RF?

William John Miller -- CEO & Director

Sure. Let me try to take that apart a little bit. I would say, Gus, our MOCVD business is really operating at historically low revenues today post exit of their commoditized LED business. We did a lot of work restructuring the business and pivoting toward new markets and new opportunities. And as you know, we go after the gallium nitride applications with our propel single-wafer reactor, and that can be used for both power electronics, RF devices as well as disruptive silicon-based micro LED applications. And we have a second product for arsenide phosphide called Lumina for applications in photonics, such as indium phosphide lasers, VCSELs as well as red micro LEDS. I would say we are starting to gain tractions in MOCVD. I would say in the near term, we expect to see revenue growth in early stage micro LED next year. And from a number of opportunities, including AR/VR as well as other photonics applications. Also, as I mentioned, we did see the 8-inch GaN-on-Silicon power market with multiple customers and placed an eval for 8-inch power electronics at a large foundry. We also, as I mentioned, placed an eval tool for red micro LED. So to answer your question, I would say, this year, we did have a fair amount of power electronics business with a single-wafer reactor at 8-inch. But I would say we're not seeing most of the production today is on six inch. So I would say we're in a bit of a seeding waiting game for that market to develop. So as I look forward, I would say, our business is largely more predominantly going to be in micro LED applications, whether that's disruptive or traditional red micro LED going forward. So I don't know if John, if you have any more color you want to add.