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Segment Reporting and Geographic Information
3 Months Ended
Mar. 31, 2015
Segment Reporting and Geographic Information  
Segment Reporting and Geographic Information

 

Note 9 — Segment Reporting and Geographic Information

 

Veeco operates and measures its results in one operating segment and therefore has one reportable segment: the design, development, manufacture, and support of thin film process equipment primarily sold to make electronic devices.

 

Veeco categorizes its sales into the following four markets:

 

Lighting, Display & Power Electronics (Energy Conservation)

 

Lighting refers to Light Emitting Diode (“LED”); semiconductor illumination sources used in various applications including display as backlights, general lighting, automotive running lights, and head lamps. Display refers to LED displays and Organic Light Emitting Diode (“OLED”) displays. Power Electronics refers to semiconductor devices such as rectifiers, inverters, and converters for the control and conversion of electric power.

 

Advanced Packaging, MEMS & RF (Mobility)

 

Advanced Packaging includes a portfolio of wafer-level assembly technologies that enable the miniaturization of electronic products, such as smartphones, smartwatches, tablets and laptops. Micro-Electromechanical Systems (“MEMS”) includes tiny mechanical devices such as sensors, switches, mirrors, and actuators embedded in semiconductor chips used in vehicles, smartphones, tablets, and games. Radio Frequency (“RF”) includes semiconductor devices that make use of radio waves (RF fields) for wireless broadcasting and/or communications.

 

Scientific & Industrial

 

Scientific refers to university research institutions, industry research institutions, industry consortiums, and government research agencies. Industrial refers to large-scale product manufacturing including optical coatings: thin layers of material deposited on a lens or mirror that alters how light reflects and transmits; photomask: an opaque plate that allows light to shine through in a defined pattern for use in photolithography; and front end semiconductor: early steps in the process of integrated circuit fabrication where the microchips are created but still remain on the silicon wafer.

 

Data Storage

 

The Data Storage market refers to the archiving of data in electromagnetic or other forms for use by a computer or device, including hard disk drives used in large capacity storage applications.

 

Revenue by market:

 

 

 

Three months ended March 31,

 

 

 

2015

 

2014

 

 

 

(in thousands)

 

Lighting, Display & Power Electronics

 

$

64,327 

 

$

63,891 

 

Advanced Packaging, MEMS & RF

 

13,165 

 

798 

 

Scientific & Industrial

 

13,635 

 

8,486 

 

Data Storage

 

7,214 

 

17,666 

 

Total Sales

 

$

98,341 

 

$

90,841 

 

 

Significant operations outside the United States include sales and service offices in the Asia-Pacific and Europe regions. For geographic reporting, revenues are attributed to the location in which the customer facility is located as follows:

 

 

 

Three months ended March 31,

 

 

 

2015

 

2014

 

 

 

(in thousands)

 

United States

 

$

27,969 

 

$

7,477 

 

China

 

44,282 

 

32,838 

 

EMEA(1)

 

8,325 

 

10,346 

 

Rest of World

 

17,765 

 

40,180 

 

Total Sales

 

$

98,341 

 

$

90,841 

 

 

 

(1)

EMEA consists of Europe, the Middle East, and Africa