IQE completes acquisition of in-house MBE epitaxy manufacturing unit of RFMD
(Thomson Reuters ONE) -
Cardiff, UK, 11 June 2012: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading
global supplier of advanced semiconductor wafer products and wafer services to
the semiconductor industry, has completed the acquisition of the entire in-house
MBE epi-wafer manufacturing unit of RFMD (Nasdaq:RFMD), a global leader in the
design and manufacture of high performance RF components and compound
semiconductor technologies, and has secured a long-term wafer supply agreement
for exclusive provision of all of RFMD's MBE wafers and for provision of a
majority of RFMD's MOCVD wafer requirements.
Dr Drew Nelson, President and CEO of IQE, said
"This landmark deal secures IQE world class epi-wafer production assets and
staff, together with a long term wafer supply agreement with one of the true
global leaders in the wireless market. This dealfurther strengthens IQE's
leadership position in the supply of wafers to the global wireless industry and
enables IQE to rapidly build a global leadership position in the supply of
wafers for the burgeoning CPV sector."
Contacts:
IQE plc
+44 (0) 29 2083 9400
Drew Nelson
Phil Rasmussen
Chris Meadows
Espirito Santo Investment Bank
+ 44 (0) 20 7456 9191
Richard Crawley
James Bromhead
Canaccord Genuity
+ 44 (0) 20 7523 8000
Simon Bridges
Cameron Duncan
College Hill
+44 (0) 20 7457 2020
Adrian Duffield
Kay Larsen
Rozi Morris
Note to Editors
About IQE
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, which 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.
In February 2012, IQE made a strategic investment and exclusive wafer supply
agreement with leading edge Concentrated Photovoltaic ("CPV") cell developer and
manufacturer Solar Junction Corporation ("SJC"). The move marked a significant
step in its strategy to become a leading global supplier of CPV wafers for the
solar power markets.
IQE operates a number of global manufacturing and R&D facilities: Cardiff,
Milton Keynes and Bath in the United Kingdom; 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.
www.iqep.com
About RFMD
RF Micro Devices, Inc. (RFMD(®)) is a global leader in the design and
manufacture of high-performance semiconductor components. RFMD's products enable
worldwide mobility, provide enhanced connectivity and support advanced
functionality in the cellular handset, wireless infrastructure, wireless local
area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is
recognized for its diverse portfolio of semiconductor technologies and RF
systems expertise and is a preferred supplier to the world's leading mobile
device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is a ISO/TS 16949-, ISO 9001-, and ISO
14001-certified manufacturer with worldwide engineering, design, sales and
service facilities. RFMD is traded on the NASDAQ Global Select Market under the
symbol RFMD.
www.rfmd.com
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originality of the information contained therein.
Source: IQE plc via Thomson Reuters ONE
[HUG#1618573]
Unternehmensinformation / Kurzprofil:
Datum: 11.06.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 154869
Anzahl Zeichen: 5668
contact information:
Town:
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Kategorie:
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"IQE completes acquisition of in-house MBE epitaxy manufacturing unit of RFMD"
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