IQE PLC IQE plc: Raytheon qualifies IQE North Carolina

TIDMIQE

IQE PLC

08 January 2024

IQE plc

Reach

Cardiff, UK

8 January 2024

RTX's Raytheon qualifies IQE North Carolina for defence components made in the USA

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 Raytheon has qualified IQE's North Carolina site for the manufacture of epitaxial wafers for use in advanced infrared sensing and imaging.

IQE will continue to be a trusted technology partner, providing Raytheon with a secure supply of high-performance infrared photodetector epiwafers made in the USA to bolster national security and domestic supply chains. Building upon a 15-year partnership, both parties will continue to collaborate closely on the research and development of infrared sensors, further developing capabilities for intelligence, surveillance and reconnaissance applications.

Americo Lemos, Chief Executive Officer of IQE, commented:

"IQE is a market-leading global player in the supply of compound semiconductors to the aerospace and security industries. Having received a Raytheon Premier Supplier Excellence Award, this qualification demonstrates the continued confidence that Raytheon has in IQE. We are proud to be a strategic partner, ensuring the volume production of sensor and imaging materials made in the USA for a resilient supply chain. We look forward to continuing our long-term partnership for years to come ."

Contacts:

IQE plc

[phone]

Americo Lemos

Neil Rummings

Amy Barlow

Headland Consultancy (Financial PR)

+ 44 (0) 20 38054822

Andy Rivett-Carnac: [phone]

Chloe Francklin: [phone]

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:

   --    Smart Connected Devices 
   --    Communications Infrastructure 
   --    Automotive and Industrial 
   --    Aerospace and Security 

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the global market and is enabling customers to innovate 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 employees across eight manufacturing locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in London.

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January 08, 2024 02:00 ET (07:00 GMT)