IQE Iqe Plc

 
TIDMIQE 
 
 
   IQE plc 
 
   VCSEL Production Update 
 
   Cardiff, UK. 24(th) July 2019: IQE plc (AIM: IQE; "IQE"), the leading 
global supplier of advanced wafer products and materials solutions to 
the semiconductor industry, announces the commencement of initial VCSEL 
production for a second major customer at the Newport Mega Foundry and 
further positive qualifications. 
 
   Initial production has now commenced with a second major customer, 
serving the Android supply chains, and several more are in advanced 
stages of qualification. Performance data from the Newport Foundry has 
exceeded previously attained performance levels, and several new 
qualifications are now in long term reliability testing. 
 
   As a result, IQE has signed a contract extension with one of its largest 
VCSEL customers, extending the current contract until the end of 2021. 
In addition, two other existing contracts have also been extended with 
several other new contracts in final negotiations. 
 
   Vertical Cavity Surface Emitting Lasers (VCSELs) are a key component in 
multiple current and future 3D sensor systems, using both structured 
light and Time of Flight (ToF) technologies. Applications range from 3D 
Facial Identification (front facing) systems and world facing cameras on 
mobile handsets to LiDAR and in cabin sensing for autonomous drive 
vehicles, range-finding and 3D sensing systems for a wide range of 
industrial and commercial applications. Production volumes are expected 
to ramp strongly over the next few years as adoption across multiple 
mobile platforms and other use cases proliferate. In anticipation of 
such strong growth, IQE has invested heavily over the last two years in 
building the worlds' largest VCSEL epi-wafer facility in Newport, UK 
(IQE's Mega Epi Foundry).  IQE is involved in multiple engagements 
across all of the aforementioned applications, and is currently 
qualifying more than a dozen volume customers at the Newport Mega 
Foundry. 
 
   Dr Mark Furlong, Executive VP , Global Business Development, Photonics 
and InfraRed  commented: 
 
   "The initiation of production for a second major customer at our Newport 
Mega Epi Foundry, is another important milestone in cementing Newport as 
the premier location globally for large scale, state of the art, VCSEL 
production. The availability of the large-scale production capacity 
which has been established over the last 18 months at Newport, and 
consequent improvement in production efficiency and performance, is 
highly valued by our customers as they address mass market adoption 
across multiple applications." 
 
   CONTACTS: 
 
   IQE plc 
 
   +44 (0) 29 2083 9400 
 
   Drew Nelson 
 
   Tim Pullen 
 
   Mark Furlong 
 
 
 
   Peel Hunt LLP (Nomad and Joint Broker) 
 
   +44 (0) 20 7418 8900 
 
   Edward Knight 
 
   Nick Prowting 
 
 
 
   Citigroup Global Markets Limited (Joint Broker) 
 
   +44 (0) 20 7986 4000 
 
   Christopher Wren 
 
   Peter Catterall 
 
   Headland Consultancy 
 
   + 44 (0) 20 38054822 
 
   Andy Rivett-Carnac: +44 (0) 7968 997 365 
 
   Chloe Francklin: +44 (0) 7834 974 624 
 
   ABOUT IQE 
 
   http://iqep.com 
 
 
 
   IQE is the leading global supplier of advanced semiconductor wafers that 
enable a diverse range of applications. IQE uses advanced crystal growth 
technology (epitaxy) to manufacture and supply bespoke semiconductor 
wafers 'epi-wafers' to the major chip manufacturing companies, who then 
use these wafers to make the chips. 
 
   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 smartphones and 
wireless infrastructure, Wi-Fi, base stations, and satellite 
communications; optical communications, optical storage, printing, 
thermal imagers, leading-edge medical technologies, automotive and 
aerospace technologies, a variety of advanced silicon based systems and 
high efficiency concentrator photovoltaic (CPV) solar cells. 
 
 
 
   IQE is headquartered in Cardiff UK and operates manufacturing and R&D 
facilities worldwide. 
 
 
 
 

(END) Dow Jones Newswires

July 24, 2019 02:00 ET (06:00 GMT)

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