IQE recognized as Outstanding Supplier to Avago

30 November 2010

IQE plc (AIM: IQE), the leading global supplier of advanced semiconductor epitaxial wafer products and wafer services to the semiconductor industry, is pleased to announce that IQE’s Bethlehem, PA operation, IQE Inc, has been recognized as an outstanding supplier to leading wireless chip manufacturer, Avago Technologies. (NASDAQ: AVGO).

Avago Technologies is a leading RF product manufacturer with a history of innovation dating back 40 years. The Outstanding Supplier Award is based on a number of quality related criteria for products and services.

IQE supplies Avago with specialised radio-frequency (RF) materials used in the manufacture of high-end components for handsets and other wireless applications.
Dr. Drew Nelson, IQE Group CEO and President said:

“We are delighted that IQE Inc has been honoured with this award from one of the leading chip manufacturers in the wireless industry. The award demonstrates IQE’s commitment to supplying its customers with the best quality of products and services.”

IQE offers the industry’s broadest product portfolio, which includes gallium arsenide (GaAs) based epitaxial wafers for RF wireless applications, including PHEMTs, HBTs and BiHEMTs, in addition to the industry’s leading performance GaN based devices.”


Contacts:

IQE plc (+44 29 2083 9400)
Drew Nelson
Phil Rasmussen
Chris Meadows

College Hill (+44 20 7457 2020)
Adrian Duffield
Carl Franklin

Execution Noble & Company Limited (+44 020 7456 9191)
Richard Crawley
James Bromhead


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 ('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 comprises eight operating facilities located in Cardiff (two), Milton Keynes and Bath in the UK; in Bethlehem, Pennsylvania, Somerset, New Jersey and Spokane, Washington in the USA; and Singapore. The Group also has 11 sales offices located in major economic centres worldwide.


 ABOUT AVAGO TECHNOLOGIES (www.avagotech.com)

Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications. By leveraging its core competencies in III-V compound and silicon semiconductor design and processing, the company provides an extensive range of analog, mixed signal and optoelectronics components and subsystems to approximately 40,000 end customers. Backed by strong customer service support, the company's products serve four diverse end markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals. Avago has a global employee presence and heritage of technical innovation dating back nearly 50 years to its Hewlett-Packard roots.