IQE PLC IQE plc: Agreement with global electronics leader (9896C)

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

[phone]

Americo Lemos

Tim Pullen

Amy Barlow

Peel Hunt LLP (Nomad and Joint Broker)

[phone]

Paul Gillam

James Smith

Numis (Joint Broker)

[phone]

Simon Willis

Hugo Rubinstein

Iqra Amin

Headland Consultancy (Financial PR)

+ 44 (0) 20 38054822

Andy Rivett-Carnac: [phone]

Antonia Pollock: [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:

   --    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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October 17, 2022 02:00 ET (06:00 GMT)