RCS - IQE PLC - IQE plc: Strategic partnership with Porotech

IqeAnnouncement

10/05/2022 10:30

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RNS Number : 9356K  IQE PLC  10 May 2022

IQE plc

 

Cardiff, UK

10 May 2022

 

Reach

 

 

IQE announces strategic partnership with Porotech

·    IQE enters into the microLED market

·    Commercialisation of unique microLEDs for production at scale

·    Broad range of applications including wearable devices and smart
displays

 

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 a strategic partnership with
Porotech, a pioneer in microLED and GaN-based semiconductor technology.

The focus of the partnership is to develop, scale and commercialise Porotech's
unique wafer technology that achieves all three colours (RGB) on a single 200
or 300mm GaN-based wafer for ultra-high-density and efficient microLEDs, the
applications for which include AR/MR/VR, wearable devices, smart displays and
large-scale direct view displays.

The intention is for IQE to be Porotech's epitaxial wafer foundry partner,
providing GaN MOCVD capacity for the volume production of Porotech's PoroGaN®
microdisplay technology platforms. Together, the companies will develop and
productionise 200mm manufacturing platforms as well as 300mm wafer formats.

Americo Lemos, Chief Executive Officer of IQE, commented:

"This partnership marks IQE's entrance into the microLED market with a unique
platform. As we stated in March 2022, we believe the microLED market presents
a significant opportunity for our business. IQE's proven heritage in GaN
epitaxy and our industry-leading footprint in high volume wafer manufacturing
combined with Porotech's PoroGaN® microdisplay technology platform, will
create a compelling and differentiated product offering.''

Porotech, Chief Executive Officer and co-founder Dr Tongtong Zhu, added:

"IQE's deep heritage and innovation in MOCVD epitaxial growth technologies, as
well as its mass production capability, are optimised for very small
high-brightness microLED pixels that match perfectly with Porotech's platform.
We look forward to working together to commercialise this solution."

 

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

Edward Knight

Paul Gillam

James Smith

 

Citigroup Global Markets Limited (Joint Broker)

+44 (0) 20 7986 4000

Christopher Wren

Peter Catterall

 

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

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

Marta Parry-Jones: +44 (0) 7884 742 400

 

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

 

 

ABOUT POROTECH

Porotech is a micro-LED pioneer and global gallium nitride (GaN) material
technology developer, headquartered in Cambridge (UK), with offices in Hsinchu
(Taiwan) and Chandler, Arizona (USA). Focused on next-generation display
applications, Porotech's game-changing PoroGaN® technology platform enables
ultra-small and efficient micro-LED chips which can emit all colours of the
visible spectrum with a single GaN material system. For more information,
visit: www.porotech.com (http://www.porotech.com)

 

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