IQE PLC IQE plc: Agreement with global electronics leader (9896C)
17 October 2022 - 5:00PM
UK Regulatory
TIDMIQE
RNS Number : 9896C
IQE PLC
17 October 2022
IQE plc
Cardiff, UK
17 October 2022
IQE announces multi-year strategic agreement with global
consumer electronics leader
- Multi-year volume supply agreement to begin immediately
- Development of VCSEL technology for next-generation 3D Sensing applications
- Further strengthens IQE's position as a market leader in 3D Sensing
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier
of compound semiconductor wafer products and advanced material
solutions to the global semiconductor industry , is pleased to
announce the signing of a multi-year strategic agreement with a
global consumer electronics leader based in Asia.
The agreement is focused on the high-volume production of VCSELs
for advanced 3D Sensing applications. The parties are also engaged
in joint research and development for next generation sensing
technologies and use cases.
Americo Lemos, Chief Executive Officer of IQE, commented:
"This agreement marks the start of a long-term strategic
relationship between two industry leaders. At IQE we have
demonstrated our ability to deliver unparalleled levels of
innovation, scale and quality over the history of our VCSEL
production. To secure this partnership with a consumer electronics
company of this calibre, reaffirms our position as the leading
global vendor of VCSEL products to the semiconductor industry."
Contacts:
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Tim Pullen
Amy Barlow
Peel Hunt LLP (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Paul Gillam
James Smith
Numis (Joint Broker)
+44 (0) 20 7260 1000
Simon Willis
Hugo Rubinstein
Iqra Amin
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Antonia Pollock: +44 (0) 7789 954 356
ABOUT IQE
http://iqep.com
IQE is the leading global supplier of advanced compound
semiconductor wafers and materials solutions that enable a diverse
range of applications across:
-- handset devices
-- global telecoms infrastructure
-- connected devices
-- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
at chip and OEM level. By leveraging the Group's intellectual
property portfolio including know-how and patents, it produces
epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with c. 685 employees across
eight manufacturing locations in the UK, US, Taiwan, and is listed
on the AIM Stock Exchange in London.
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END
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