IQE wins Best Technology title at 2017 AIM Awards

16 October 2017

Cardiff, 16 October 2017:  IQE plc (AIM:  IQE, “IQE” or the “Group”), the leading manufacturer of advanced semiconductor wafer products for the global semiconductor industry, has won the Best Technology title at the AIM Awards 2017.

The award, sponsored by Allenby Capital, was presented during a gala ceremony at Old Billingsgate in London, in recognition of IQE’s technology leadership in the supply of advanced compound semiconductor wafers for a wide range of products that enable technologies as diverse as mobile phones, high speed optical communications, ultra-efficient solar cells, low energy lighting, autonomous drive vehicles and power switching applications.

Working in collaboration with the Welsh and UK Governments, Cardiff University and other partners, IQE is driving forward its vision to establish the world’s first Compound Semiconductor Cluster in Wales.

Dr Drew Nelson, President and CEO of IQE Group, said:

“It is a great honour to receive this prestigious award. Compound semiconductors are front and centre of the 21st century technologies and IQE has developed an unparalleled breath of materials IP, which is enabling us to differentiate ourselves in the marketplace.

To help capitalise on the opportunities ahead, we have entered into two joint venture arrangements: in Singapore, jointly owned by IQE, WIN Semiconductor and Singapore’s National Technology University and in the United Kingdom, jointly owned by IQE and Cardiff University. The UK Joint Venture was a catalyst to securing committed investments totalling £300m towards the continued development of a UK compound semiconductor cluster, and the Singapore JV has been selected as a partner in a major programme for CS on silicon technology.”

CONTACTS:

IQE Press/Investors: Chris Meadows (44) 2920-839-400

ABOUT IQE:

http://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 smartphones and wireless infrastructure, Wi-Fi, base stations, GPS, and satellite communications; optical communications, optical storage, printing, 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 multiple manufacturing and R&D facilities facilities worldwide.