IQE plc: IQE announces multi-year strategic supply agreement with Lumentum
June 22 2022 - 2:00AM
IQE plc: IQE announces multi-year strategic supply agreement with
Lumentum
IQE plc
Cardiff, UK22 June 2022
IQE announces
multi-year strategic
supply agreement with
Lumentum
-
Multi-year, high-volume supply agreement
-
Development and production of broad, industry-leading photonics
products
IQE plc (AIM: IQE, "IQE" or the "Group"), the
leading supplier of compound semiconductor wafer products and
advanced material solutions to the global semiconductor industry,
is pleased to announce the signing of a multi-year agreement with
Lumentum for the supply of epiwafers supporting 3D Sensing, LiDAR
for automotive, and optical networking applications.
Lumentum Holdings Inc., (NASDAQ: LITE,
“Lumentum”) a market-leading photonics solutions provider, has been
a long-term partner of IQE. Effective immediately, the multi-year
agreement is focused on high volume production of epiwafers which
will be used across Lumentum’s portfolio of innovative laser
products, in particular to enable LiDAR for autonomous vehicles,
where IQE will be the epitaxy partner of choice for this
technology. The strong partnership between IQE and Lumentum will
also enable leadership across a wider range of cutting-edge
technologies such as biometric security, data communications, and
extended reality. There is also further provision for multi-year
joint research and development initiatives.
Americo Lemos,
Chief Executive Officer of IQE, commented:
“Our partnership with Lumentum is in alignment with our strategy
to strengthen our customer relationships and to enter into
long-term agreements securing wafer supply. Lumentum and IQE are
industry leaders in the 3D Sensing space, and this partnership is
underpinned by IQE’s unrivalled technology portfolio. We look
forward to our continued collaboration and expansion of our
business relationship into new market segments.”
Alan Lowe, Chief Executive Officer
of Lumentum,
added:
“I am pleased to extend our fruitful partnership
with IQE into the future. They supported our ramp to high volumes
in the consumer space, where we have shipped more than 1 billion
large scale VCSEL arrays. As we start to ramp high volumes of
differentiated solutions into even more demanding applications in
the coming years in the automotive, extended reality, and
industrial spaces, I’m sure our partnership will continue to
flourish.”
Contacts:
IQE plc+44 (0) 29 2083 9400Americo LemosTim
PullenAmy
Barlow Peel
Hunt LLP (Nomad and Joint Broker)+44 (0) 20 7418
8900Edward KnightPaul GillamJames
Smith Citigroup
Global Markets Limited (Joint Broker)+44 (0) 20 7986
4000Christopher WrenPeter
Catterall
Headland Consultancy (Financial PR)+ 44
(0) 20 38054822Andy Rivett-Carnac: +44 (0) 7968 997 365Antonia
Pollock: +44 (0) 7789 954 356
embedded PR (Non-Financial PR)Europe:
Anja-Maria HastenrathPhone: +49 89 /
64913634-1E-mail: ah@embedded-pr.de
United States: Cynthia HoyePhone: +1
408-858-2602E-mail: ch@embedded-pr.com
ABOUT IQE
http://iqep.com
IQE is the leading global supplier of advanced
compound semiconductor wafers and materials solutions that enable a
diverse range of applications across:
- handset devices
- global telecoms infrastructure
- connected devices
- 3D sensing
As a scaled global epitaxy wafer manufacturer,
IQE is uniquely positioned in this market which has high barriers
to entry. IQE supplies the whole market and is agnostic to the
winners and losers at chip and OEM level. By leveraging the Group’s
intellectual property portfolio including know-how and patents, it
produces epitaxy wafers of superior quality, yield and unit
economics.IQE is headquartered in Cardiff UK, with c. 685 employees
across nine manufacturing locations in the UK, US, Taiwan and
Singapore, and is listed on the AIM Stock Exchange in London.
ABOUT LUMENTUM
Lumentum (NASDAQ: LITE) is a market-leading
designer and manufacturer of innovative optical and photonic
products enabling optical networking and laser applications
worldwide. Lumentum optical components and subsystems are part of
virtually every type of telecom, enterprise, and data center
network. Lumentum lasers enable advanced manufacturing techniques
and diverse applications including next-generation 3D sensing
capabilities. Lumentum is headquartered in San Jose, California
with R&D, manufacturing, and sales offices worldwide. For more
information, visit www.lumentum.com and follow Lumentum on
LinkedIn, Twitter, Facebook, Instagram, and YouTube.
Contact Information:
Investors: Kathy Ta, 408-750-3853;
investor.relations@lumentum.com
Media: Sean
Ogarrio, 408-546-5405; media@lumentum.com
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