RCS - IQE PLC - IQE plc:VisIC Technologies strategic collaboration

IqeAnnouncement

19/09/2023 07:00

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RNS Number : 8041M  IQE PLC  19 September 2023

IQE plc

 

Reach

 

Cardiff, UK

19 September 2023

 

 

IQE announces strategic collaboration with VisIC Technologies

 

-     Partnership to develop next-generation D-Mode GaN Power Devices

-     GaN Power 200mm (8") epiwafers for EV applications

 

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 collaboration with
VisIC Technologies, a global leader in the provision of GaN (Gallium Nitride)
power solutions to the automotive sector, to develop the highest reliability
gallium nitride D-Mode (D-Mode GaN) power products for use in electric
vehicles inverters.

IQE and VisIC Technologies will collaborate to develop 200mm (8") D-Mode GaN
power epiwafers that will be developed at IQE's UK facilities, leveraging
IQE's well-established expertise in GaN technology.

VisIC Technologies, with its ground-breaking D(3)GaN technology (Direct Drive
D-Mode GaN), brings the future of EV inverters into focus. This technology
promises to reduce power consumption, increase reliability and enhance
performance in electric vehicles. By combining VisIC Technologies' innovative
Power Electronics solutions with IQE's epitaxy excellence, this partnership
aims to accelerate the adoption of GaN-on-Silicon technology in EVs,
significantly contributing to the evolution of sustainable transportation.

The collaboration marks another important milestone in IQE's strategy of
diversification into the high-growth Power market, first announced at its 2022
Capital Markets Day. IQE sees significant opportunities in the GaN Power
epiwafer market in particular, which is forecast to reach a $632m value by
2027*.

Americo Lemos, Chief Executive Officer of IQE, commented:

"We are pleased to announce this collaboration with VisIC Technologies to
develop GaN power technologies for use in electric vehicles. Our combined
expertise in the field makes this an ideal partnership. This is another sign
of the progress we are making in our diversification strategy, as we look to
capture the significant growth opportunities in the GaN automotive power
market, which is vital in supporting the transition to electric vehicles."

Dr Tamara Baksht, Chief Executive Officer and Co-Founder of VisIC
Technologies, added:

"We believe that teaming up with IQE is a pivotal step towards reshaping the
EV industry. Their track record of delivery in the sector and technological
leadership means they are ideally placed for us to collaborate with to develop
next-generation technology to power the electric vehicle revolution. Our
D-Mode D(3)GAN technology has the potential to transform electric vehicles,
making them more efficient, reliable, and sustainable. Together, we are poised
to create a brighter and greener future for transportation. The co-operation
brings higher availability of ground-breaking technology for GaN-on-Silicon
and paves the way for a resilient supply chain to serve the automotive
industry."

*Source: Yole Group, 2022

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Neil Rummings

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

 

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