IN BRIEF: IQE partners with GlobalFoundries to produce gallium nitride

IQE PLC - Cardiff, Wales-based semiconductor company - Commences collaboration with GlobalFoundries for the development of vital gallium nitride on silicon technology for mobile and wireless infrastructure applications.

GlobalFoundries will put forwards in Fab 9 facility in Burlington, Vermont, using wafers supplied by IQE.

"IQE's collaboration with GlobalFoundries marks a step change for us. It recognises the quality of our market-leading GaN products and demonstrates how IQE's ever-closer customer relationships can bring more innovative products to market, at scale. This is a unique opportunity to leverage the performance of GaN with the cost structure of high-volume silicon manufacturing. We look forward to working closely with GlobalFoundries over the coming years," notes Wayne Johnson, executive vice president for Wireless & Emerging Products.

Current stock price: 47.70 pence,up 8.4% on Thursday

Year-to-date change: down 35%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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