RCS - IQE PLC - IQE plc: Completion of joint ULTRARAM™ project

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RNS Number : 9588M  IQE PLC  16 June 2025

IQE plc

 

Reach

 

Cardiff, UK

16 June 2025

 

 

IQE and Quinas Technology complete £1.1m ULTRARAM™ industrialisation
project

-     Paves the way for next-generation memory chips

 

 

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading global supplier of
compound semiconductor wafer products and advanced material solutions, and
Quinas Technology, a British semiconductor company, are pleased to announce
the successful completion of a £1.1 million Innovate UK-funded joint project
to develop a scalable production method for the world's first quantum-powered
universal memory ULTRARAM™.

Innovate UK awarded the consortium, which included Lancaster and Cardiff
Universities, a grant for the one-year project, with Quinas coordinating and
the majority of funding deployed with IQE. The project saw IQE successfully
scale up the manufacture of compound semiconductor layers initially developed
by Lancaster University to an industrial process, the first step towards the
commercial production of packaged ULTRARAM™ chips. In doing so, IQE
developed an advanced capability in gallium antimonide and aluminium
antimonide epitaxy, representing a world-first for scalable epitaxy for memory
devices.

ULTRARAM™, a dual-use technology which was invented at Lancaster University,
combines the non-volatility of a data storage memory, such as flash, with the
speed and endurance of a working memory, such as DRAM, while providing
significantly improved energy efficiency. ULTRARAM™ target applications will
include artificial intelligence, quantum computing, space and defence.

The ULTRARAM™ project aligns with the UK Government's semiconductor strategy
to boost domestic innovation and build sovereign capabilities in key
semiconductor technologies. The partners are now exploring further
industrialisation and pilot production with foundries and strategic
collaborators.

Jutta Meier, Chief Executive Officer of IQE, commented:

"We have successfully achieved our goal of developing a scalable epitaxy
process for ULTRARAM™, a milestone towards industrial production of packaged
chips. This project represents a unique opportunity to bring the next
generation of compound semiconductor materials to life in the UK and we are
proud of our work with Quinas, Lancaster and Cardiff Universities to advance
commercial production and create world-leading universal memory devices."

James Ashforth-Pook, Chief Executive Officer of Quinas Technology, commented:

"This project marks a turning point in the journey from university research to
commercial memory products. With IQE's industrial capabilities and Innovate
UK's support, we have taken a critical step toward building sovereign
capability in memory - the most strategically vital yet underrepresented
segment of the UK semiconductor stack. ULTRARAM™'s potential to radically
improve energy efficiency in AI, mobile and data centre applications positions
Britain as a leader in next-generation memory innovation."

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Mark Cubitt

Jutta Meier

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
(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:

 

·    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 manufacturing
locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in
London.

 

ABOUT QUINAS TECHNOLOGY

info@quinas.tech (mailto:info@quinas.tech)

Quinas Technology is a UK-based semiconductor startup commercialising
ULTRARAM™-a groundbreaking memory technology that combines the speed of DRAM
with the non-volatility of flash, while delivering ultra-low energy
consumption and exceptional endurance. A spin-out from Lancaster University,
Quinas holds a growing international patent portfolio and has received
multiple global awards for innovation, including first prize in the IC Taiwan
Global Challenge , recognition from the World Intellectual Property
Organization (WIPO), and Most Innovative Startup at the Flash Memory Summit in
Silicon Valley. Supported by Innovate UK and working with leading research and
industry partners worldwide, Quinas is advancing ULTRARAM™ for AI, in-memory
computing, and secure low-power applications-positioning the UK at the
forefront of future memory technology.

 

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