Last checked at 17 Oct 2022 07:00
RNS Number : 9896C IQE PLC 17 October 2022 160IQE plc
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Cariff, UK
17 October 2022
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IQE announces multi-year strategic agreement with global consumer electronics leaer
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-160160160160 Multi-year volume supply agreement to begin immeiately
-160160160160 Development of VCSEL technology for next-generation 3D Sensing applications
-160160160160 Further strengthens IQE's position as a market leaer in 3D Sensing
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IQE plc (AIM:160 IQE, "IQE" or the "Group"), the leaing supplier of compoun semiconuctor wafer proucts an avance material solutions to the global semiconuctor inustry, is please to announce the signing of a multi-year strategic agreement with a global consumer electronics leaer base in Asia.
The agreement is focuse on the high-volume prouction of VCSELs for avance 3D Sensing applications. The parties are also engage in joint research an evelopment for next generation sensing technologies an use cases.
Americo Lemos, Chief Executive Officer of IQE, commente:
"This agreement marks the start of a long-term strategic relationship between two inustry leaers. At IQE we have emonstrate our ability to eliver unparallele levels of innovation, scale an quality over the history of our VCSEL prouction. To secure this partnership with a consumer electronics company of this calibre, reaffirms our position as the leaing global venor of VCSEL proucts to the semiconuctor inustry."
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Contacts:
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IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Tim Pullen
Amy Barlow
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Peel Hunt LLP (Noma an Joint Broker)
+44 (0) 20 7418 8900
Paul Gillam
James Smith
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Numis (Joint Broker)
+44 (0) 20 7260 1000
Simon Willis
Hugo Rubinstein
Iqra Amin
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Healan Consultancy160(Financial PR) + 44 (0) 20 3804822
Any Rivett-Carnac: +44 (0) 7968 997 36
Antonia Pollock: +44 (0) 7789 94 36
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ABOUT IQE
http://iqep.com
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IQE is the leaing global supplier of avance compoun semiconuctor wafers an materials solutions that enable a iverse range of applications across:
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183160160160 hanset evices
183160160160 global telecoms infrastructure
183160160160 connecte evices
183160160160 3D sensing
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As a scale global epitaxy wafer manufacturer, IQE is uniquely positione in this market which has high barriers to entry. IQE supplies the whole market an is agnostic to the winners an losers at chip an OEM level. By leveraging the Group's intellectual property portfolio incluing know-how an patents, it prouces epitaxy wafers of superior quality, yiel an unit economics.
IQE is heaquartere in Cariff UK, with c. 68 employees across eight manufacturing locations in the UK, US, Taiwan, an is liste on the AIM Stock Exchange in Lonon.
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