IQE CEO Dr Drew Nelson OBE regional winner of Entrepreneur Award
22 June 2009
Cardiff, 22nd June 2009: IQE’s CEO and Group President, Dr Drew Nelson OBE, was named a regional winner at Ernst & Young’s London & South Entrepreneur Of The Year Awards 2009, at a dinner in London last week.
Dr Nelson co-founded IQE in 1988 and has led the Welsh semiconductor company to become an international world leader in the supply of epitaxial wafers for a wide range of products that enable technologies as diverse as mobile phones, high speed optical communications, ultra efficient solar cells and low energy lighting.
Under Dr Nelson’s leadership, IQE has grown from a single manufacturing operation in Cardiff, to its current position of six manufacturing sites across three continents and a truly global customer base.
Dr Nelson commented: “I am extremely honoured to have received this award. It is encouraging to see that in these tough economic times, the entrepreneurial spirit is not only alive and well in the UK, but is being widely acknowledged as the key attribute for driving the economy to prosperity in the years ahead.”
Now in its 11th year in the UK, the Ernst & Young Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognises the contribution of people who inspire others with their vision, leadership and achievement.
As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognising them through regional, national and global awards programs in more than 135 cities in 50 countries.
Dr Nelson was one of 23 London and South regional winners who will go forward to a national final in October, where 53 top executives from across the UK will compete for the title Ernst & Young Overall UK Entrepreneur of the Year.
The awards recognise the passion and drive behind entrepreneurial businesses across all industrial sectors.
Iain Wilkie, partner and London & South Entrepreneur Of The Year leader at Ernst & Young, said: “The winners are all outstanding entrepreneurs who are growing market share and succeeding despite the worst economic conditions in living memory. These entrepreneurs and the businesses they lead will be in the vanguard in driving our economy out of recession.”
IQE plc +44 29 2083 9400 Chris Meadows
Note to Editors 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 ('epi-wafers') 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; optical communications, optical storage (CD, DVD), laser optical mouse, laser printers & photocopiers, thermal imagers, leading-edge medical products, barcode, ultra high brightness LEDs, a variety of advanced silicon based systems and high efficiency concentrator 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 six manufacturing facilities located in Cardiff (two) and Milton Keynes in the UK; in Bethlehem, Pennsylvania and Somerset, New Jersey in the USA; and Singapore. The Group also has 11 sales offices located in major economic centres worldwide.