Multi-year supply agreement with AWSC
03/11/2022 07:00
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RNS Number : 0952F IQE PLC 03 November 2022
IQE plc
Cardiff, UK
3 November 2022
IQE announces multi-year supply agreement with AWSC
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
agreement with Advanced Wireless Semiconductor Company ("AWSC"), for the
supply of epiwafers for wireless applications.
AWSC, a leader in the field of compound semiconductor wafer fabrication, has
been a partner of IQE for over twenty years. This three-year supply agreement
covers epitaxial wafers spanning a range of AWSC's wireless products,
including those which enable 4G and 5G mobile handsets and WiFi products. The
agreement provides IQE with diversification opportunities into mass market
power amplifier products. IQE and AWSC will also partner in the design and
development of solutions for next-generation wireless applications.
Americo Lemos, Chief Executive Officer of IQE, commented:
"This strategic partnership agreement, our first with AWSC, represents IQE's
new approach to business. AWSC and IQE are building upon our longstanding
relationship to accelerate innovation by bringing new solutions to serve the
growing markets of smart connected devices and automotive. We are very excited
about the great opportunities ahead of us in the market."
Eric Huang, President of AWSC, commented:
"At AWSC, we continuously work on process improvement and new technology
development to meet our customers' requirements. Our partnership with IQE
enables us to create leading-edge solutions and to transition them seamlessly
to volume production. We are happy to extend and expand our relationship with
IQE."
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 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 AWSC
https://www.awsc.com.tw (https://www.awsc.com.tw)
Advanced Wireless Semiconductor Company (AWSC) was founded in December of
1998. AWSC is established as a pure play Compound Semiconductor Foundry
Service Company in Taiwan. AWSC is dedicated to providing the best quality and
the most cost-effective foundry services to customers. AWSC offers GaAs HBT,
pHEMT and BiHEMT technologies for wireless 4G, 5G, and satellite applications
as well as optoelectronic device (VCSEL) fabrication services for AR/VR,
LiDAR, 3D sensing, automotive, and optical communication applications.
AWSC is an ISO-9001, ISO-14001, IATF16949 and Green Partner certified
Semiconductor Manufacturing Company.
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