$1.1M Contract Win for IQE Infrared Division

Date Announced: 30 Oct 2014

Advanced semiconductor foundry wins its largest single purchase order for InSb substrates.

Cardiff, UK. 30 October 2014: IQE plc (AIM: IQE; “IQE”, “the Group”), the leading global supplier of advanced semiconductor wafer products and services, has agreed a long-term supply contract for its world-leading infrared materials with a leading global semiconductor manufacturer.

The new order, which is worth approximately $1.1m over the next twelve months, represents the largest single purchase order for indium antimonide (InSb) products manufactured by IQE Infrared's UK substrate manufacturing business unit.

Further details of the specific customer, product and application cannot be disclosed at this time due to confidentiality designed to protect the customer’s IP and retain its competitive advantage. However, InSb is the material of choice for a wide range of sensing devices employed in a growing number of consumer, defence, security, medical and industrial applications.

IQE Infrared is uniquely positioned as a global market leader in the supplier of InSb materials to the semiconductor industry, with IQE’s US (Galaxy) and UK (Wafer Technology) operations offering the World’s largest antimonide wafer production capacity in the industry, using multiple production tools (crystal growth pullers) providing customers with a completely secure, dual sourced supply of InSb wafers.

Dr Drew Nelson, CEO of IQE plc, commented:

“This is a significant new order for our world leading InSb products from a significant industry player with whom we have enjoyed a long relationship. The scale of the commitment is a result of IQE Infrared’s industry reputation for offering a high quality, volume manufacturing capability for InSb materials.

Our investment in state-of-the-art crystal growth, wafer production and polishing capabilities enables us to fully meet the growing antimonide product demands of our customers, both in terms of volume and quality, across a full 2”-6” product range.”

Source: IQE

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