IQE wins Innovation, Science, Technology title at St David Awards

29 March 2018

Cardiff, 29 March 2018:  IQE plc (AIM:  IQE, “IQE” or the “Group”), the leading manufacturer of advanced semiconductor wafer products for the global semiconductor industry, has won the Innovation, Science, Technology title at the St David Awards 2018.

The award was presented by the First Minister of Wales, Carwyn Jones, during a gala ceremony at the Senedd in Cardiff, in recognition of IQE close work with the Welsh and UK Governments, Cardiff University and other partners to develop an advanced, high-tech manufacturing capability with the vision of establishing 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 on behalf of the staff at IQE and I would like to take this opportunity to thank them for their continued hard work and dedication in making IQE the world leader global supplier of advanced semiconductor wafers.

“IQE is also pleased to be a key member of  the world’s first Compound Semiconductor Cluster, which is based in Wales, and which will help drive the high-tech manufacturing capabilities for the development and commercialisation of next generation semiconductors.”

Drdewnelson Stdavidawards
Dr Drew Nelson at the St David Awards on the 22nd March 2018

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.

Congratulating the winners, First Minister of Wales Carwyn Jones said:

“The winners at this evening’s event are a true credit to your families, friends, communities, and to Wales as a whole. Many congratulations to you and also to everyone who was a finalist.

“I know there are exceptional things being performed by inspirational and aspiring people here in Wales. As I travel across the country, I get to see first hand the efforts that people make, day in day out to make our small but mighty country great.

“The St David Awards give us a chance to celebrate those people who go the extra mile often without the recognition they deserve.”

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.