IQE plc (AIM: IQE; "IQE", "the Group"), the leading global supplier
of advanced wafer products and wafer services to the semiconductor
industry, announces that it is to play a key part in a consortium
of high tech businesses and academia in a major Clean Energy
Initiative announced yesterday in North Carolina by the U.S.
President.
President Obama announced the formation of the Clean Energy
Manufacturing Innovation Institute during a visit to North Carolina
State University on Wednesday 15th January. The establishment of
the institute will be led by North Carolina State University and
industry partners include ABB, APEI, Avogy, Cree, Delphi, Delta
Products, DfR Solutions, Gridbridge, Hesse Mechantronics, II-VI,
IQE, John Deere, Monolith Semiconductor, RF Micro Devices, Toshiba
International, Transphorm, USCi, and Vacon.
The formation of the Institute is part of the U.S. Government's
National Network for Manufacturing Innovation Initiatives (NNMI)
announced by The White House in February 2013 to bolster the
competitiveness of U.S. manufacturing.
IQE has been selected as supplier of epitaxial materials to the
consortium for the development of a 150mm GaN-on-Si power
electronics capability for high voltage (600V to 1200V)
applications, an award which is worth up to $4M over the next five
years. GaN-on-Silicon is a key materials technology not only
for highly efficient power semiconductors with applications ranging
from everyday power supplies for consumer electronics to industrial
motor controls and hybrid-electric vehicles, but also for RF
applications in next generation base station and small cell RF
communication networks, as well as highly cost efficient LEDs, high
speed rail and other power efficient applications.
Gallium nitride has been a key materials technology initiative
for IQE over the last few years, building on the acquisition of
NanoGaN in 2010, Kopin Wireless in 2013, and the successful
development and deployment of GaN on SiC technology for high power
RF applications, culminating in the launch of the world's first
150mm GaN-on-SiC wafer products in 2013.
Commenting on the announcement, IQE CEO and President, Dr. Drew
Nelson said:
"Yesterday's announcement is a great endorsement of IQE's
recognition as a global leader in advanced semiconductor products
and highlights the importance of materials such as gallium nitride
(GaN) as a key enabling technology for the future.
IQE has built a diversified portfolio of advanced compound
semiconductor products which are now beginning to impact many
aspects of today's and tomorrow's advanced technologies targeting
wireless communications, opto electronics, InfraRed and Xray
detection, clean energy generation (CPV), power efficient devices
and next generation CMOS.
Compound semiconductors offer limitless access and solutions to
next generation societal challenges, and IQE is positioned as the
global leader in the commercialisation of these new
technologies."
CONTACTS:
IQE plc +44 (0) 29 2083 9400 Drew Nelson Phil
Rasmussen Chris Meadows
Espirito Santo Investment Bank +44 (0) 20 7456
9191 John Llewellyn-Lloyd
Canaccord Genuity +44 (0) 20 7523 8000 Simon
Bridges Cameron Duncan
College Hill +44 (0) 20 7457 2020 Adrian
Duffield Kay Larsen Note to
Editors ABOUT IQE
www.iqep.com
IQE is the leading global supplier of advanced semiconductor
wafers with products that cover a diverse range of applications,
supported by an innovative outsourced foundry services portfolio
that allows the Group to provide a 'one stop shop' for the wafer
needs of the world's leading semiconductor manufacturers.
IQE uses advanced crystal growth technology (epitaxy) to
manufacture and supply bespoke semiconductor wafers ('epiwafers')
to the major chip manufacturing companies, who then use these
wafers to make the chips which form the key components of virtually
all high technology systems. IQE is unique in being able to supply
wafers using all of the leading crystal growth technology
platforms.
IQE's products are found in many leading-edge consumer,
communication, computing and industrial applications, including a
complete range of wafer products for the wireless industry, such as
mobile handsets and wireless infrastructure, Wi-Fi, WiMAX, base
stations, GPS, and satellite communications; and optical
communications.
The Group also manufactures advanced optoelectronic and photonic
components such as semiconductor lasers, vertical cavity surface
emitting lasers (VCSELs) and optical sensors for a wide range of
applications including optical fibre communications, optical
storage (CD, DVD, BluRay), thermal imaging, leading-edge medical
products, pico-projection, finger navigation ultra-high brightness
LEDs, and high efficiency concentrated photovoltaic (CPV) solar
cells.
The manufacturers of these chips are increasingly seeking to
outsource wafer production to specialist foundries such as IQE in
order to reduce overall wafer costs and accelerate time to
market.
IQE also provides bespoke R&D services to deliver customised
materials for specific applications and offers specialist technical
staff to manufacture to specification either at its own facilities
or on the customer's own sites. The Group is also able to leverage
its global purchasing volumes to reduce the cost of raw materials.
In this way, IQE's outsourced services, provide compelling benefits
in terms of flexibility and predictability of cost, thereby
significantly reducing operating risk.
IQE operates a number of manufacturing and R&D facilities
across Europe, Asia and the USA. The Group also delivers its
products and services through regional sales offices located in
major economic centres worldwide
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