IQE Regulatory News (IQE)

IQE plc

Cardiff, UK

20 May 2021

Reach

 IQE expands its VCSEL portfolio with turnkey IQVCSEL™ product line

- IQVCSELTM product line will service communication and advanced sensing markets

- Product line is a value-add solution that includes device design

- Accelerates customers' ability to introduce new products, thereby expanding the VCSEL market

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and material solutions to the semiconductor industry, is pleased to announce the launch of its IQVCSEL™ product line of reference VCSEL epiwafers for the communication and sensing markets. By partnering with an external, independent third-party designer, IQE's turnkey solution removes the device design burden for IQE customers who do not possess in house design expertise, thereby facilitating access to leading VCSEL product solutions. This new IQVCSEL™ solution also ensures that all existing customer designs and IP are fully protected, a core and fundamental principle of IQE's operating model.

The Vertical Cavity Surface Emitting Laser (VCSEL) is the key component for high-speed communication and advanced sensing applications. In recent years, the adoption of VCSELs in volume consumer applications for 3D Sensing has accelerated technology development and has pushed adoption of VCSELs on larger diameter substrates (6"). IQE, the market leader and pioneer for 6" VCSEL epiwafers, now has a viable solution for customers who lack device design capability to enter the market through a ready to use "drop-in" solution.

IQVCSEL™ products are state-of-the art with high efficiencies (power and slope), low thresholds, and excellent temperature performance. IQE offers the following reference solutions:

· IQVCSEL™ 850-25 for 850 nm, 25G communication applications including 5G infrastructure;

· IQVCSEL™ 850-HP for 850 nm, High Power applications; and

· IQVCSEL™ 940-HP for 940 nm, High Power (3D sensing) applications including facial recognition in mobile devices.

Dr Rodney Pelzel, Chief Technology Officer of IQE, commented:

"In order to allow our customers to respond to the opportunities enabled by VCSEL technology, IQE has evolved and expanded its VCSEL portfolio and we have begun sampling our IQVCSEL™ product. These solutions are a value-add product and a portion of a wider portfolio enabling such applications as 3D Sensing, advanced health care, and LiDAR. It is the breadth and depth of our portfolio which enables our customers to rapidly respond to the market requirements of today and of the future."

Contacts:

IQE plc

+44 (0) 29 2083 9400

Drew Nelson

Tim Pullen

Amy Barlow

Headland Consultancy (Financial PR)+ 44 (0) 20 38054822

Andy Rivett-Carnac: +44 (0) 7968 997 365

Chloe Francklin: +44 (0)78 3497 4624

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. 650 employees across nine manufacturing locations in the UK, US, Taiwan and Singapore, and is listed on the AIM Stock Exchange in London.