Core Insights - Veeco Instruments Inc. has received an order for a Propel®300 system from a major power semiconductor integrated device manufacturer for gallium nitride (GaN) epitaxy on 300mm silicon wafers, reinforcing its leadership in 300mm MOCVD technology [1][2] Industry Growth - The GaN device market is projected to grow at a 35% CAGR, increasing from $555 million in 2025 to $2.5 billion by 2030, driven by the demand for power efficiency in automotive, industrial, and data center applications [2] Technology Advancements - The Propel®300 system features Veeco's MOCVD TurboDisc technology, offering exceptional performance, automated wafer handling, and low cost of ownership per wafer due to its high productivity and low defectivity [3] Company Overview - Veeco is a manufacturer of semiconductor process equipment, specializing in technologies such as laser annealing, ion beam, and MOCVD, which are essential for the fabrication and packaging of advanced semiconductor devices [4]