IQE appoints Eliot Parkinson as General Manager of Cardiff’s III-V facility

15 May 2012

IQE appoints Eliot Parkinson as General Manager of Cardiff’s III-V facility

Cardiff, UK, 15 May 2012: IQE plc (AIM: IQE, “IQE” or the “Group”), a leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, announces the appointment of Eliot Parkinson as General Manager of the Group’s III-V facility in Cardiff, UK. Mr Parkinson will take over from Adrian Meldrum, who has been acting as interim General Manager alongside his role as Group Business Development Director. 15 May 2012
Mr Parkinson brings to the Group more than 16 years manufacturing experience in operations leadership & management roles within the semiconductor industry and joins IQE from International Rectifier (UK) where he held the position of Manufacturing Director.
Eliot also previously held a number of manufacturing and operational management roles at Intel’s IC fabrication plant in Ireland after serving twelve years as an aircraft propulsion systems engineer with the Royal Air Force.
Mr Adrian Meldrum, IQE’s Business Development Director, commented: "
Eliot brings a wealth of hands-on, manufacturing management experience to the Group’s Cardiff operation."
Eliot holds a BSc and a Post Graduate Professional Diploma in Management and is also studying part time for an MBA.


CONTACTS: IQE plc (+44 29 2083 9400, email investors@iqep.com) Press/investors: Chris Meadows Adrian Meldrum


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. 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 storage (CD, DVD, BluRay), thermal imaging, leading-edge medical products, pico-projection, finger navigation ultra high brightness LEDs, 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 eight 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.