REG - IQE PLC - IQE plc: Strategic agreement with SK siltron

IqeAnnouncement

10/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221010:nRSJ1984Ca&default-theme=true

RNS Number : 1984C  IQE PLC  10 October 2022

IQE plc

 

 

Cardiff, UK

10 October 2022

 

 

 

IQE announces strategic collaboration agreement with SK siltron

 

-     Builds upon IQE's strong history of GaN innovation

-     Partnership between industry leaders, with focus on growth in Asian
markets

 

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 it has entered into a strategic
collaboration agreement with SK siltron for the development and
commercialisation of compound semiconductor products.

SK siltron pioneers next-generation semiconductor device innovation based on
world-class technology. This agreement formalises a strategic agreement to
develop business in the Asia market, leveraging SK siltron's significant
substrate expertise with IQE's market-leading epitaxy capabilities.

IQE and SK siltron will focus on developing and delivering innovative
epiwafers based upon Gallium Nitride (GaN) on Silicon Carbide (SiC) for radio
frequency applications in the wireless communications market and GaN on
Silicon (Si) for power electronics applications across a range of markets.
Combined, these markets represent a multi-billion dollar opportunity for GaN
devices and are forecast for strong growth in consumer, telecom and automotive
applications.

Americo Lemos, Chief Executive Officer of IQE, commented:

"There are tremendous synergies between IQE's GaN pedigree and SK siltron's
substrate offerings, and we will leverage these to bring innovative solutions
to market. Expansion in Asia is a key focus for IQE and we are excited to be
partnering with a globally-recognised leader in advanced materials."

Yongho Jang, Chief Executive Officer of SK siltron, commented:

"We are delighted that two world leaders in advanced materials are joining
forces to jointly develop products for exciting growth markets related to GaN
materials. I am looking forward to building considerable success with IQE and
developing the relationship to cover a broad range of semiconductor
materials."

 

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Tim Pullen

Amy Barlow

 

Peel Hunt LLP (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Paul Gillam

James Smith

 

Numis (Joint Broker)

+44 (0) 20 7260 1000

Simon Willis

Hugo Rubinstein

Iqra Amin

 

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

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

Antonia Pollock: +44 (0) 7789 954 356

Marta Parry-Jones: +44 (0) 7884742400

 

ABOUT GaN

GaN is a wide bandgap semiconductor material that is growing in importance
because of its ability to offer significantly improved performance across a
wide range of applications while reducing energy consumption, compared to
conventional silicon technologies. Applications for GaN include high
performance 5G networks, including Massive MiMo base stations and power
devices in automotive, consumer and industrial markets.

 

ABOUT IQE

http://iqep.com
(https://www.globenewswire.com/Tracker?data=yZf7NKp1JKLALUCxlBuC8wkLnLAqoe5-kjjIlkMIDci9q9W0x_02bwZV-eorSbpLXZxy4zi3xHh-O4FM8nWjeg==)

 

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 and Taiwan, and is listed on the AIM
Stock Exchange in London.

 

 

ABOUT SK siltron

http://www.sksiltron.com (http://www.sksiltron.com)

 

SK siltron is an SK Group affiliate company based in Gumi, South Korea, that
develops and manufactures high-quality wafers for the semiconductor industry.
Established in 1983, SK siltron has grown to become a global leader providing
wafers to some of the world's top technology companies for semiconductor
applications, including NAND and DRAM memory chips, logic drivers, sensors and
processors. SK siltron is Korea's only manufacturer of silicon wafers and is
one of the top-five global wafer manufacturers.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRUBORRURURRAA