IQE PLC IQE wins 2017 Raytheon Supplier Award
June 01 2017 - 2:00AM
RNS Non-Regulatory
TIDMIQE
IQE PLC
01 June 2017
IQE wins 2017 Raytheon Supplier Excellence Program EPIC
Award
Cardiff, 01 June 2017: IQE plc (AIM: IQE, "IQE" or the "Group"),
the leading manufacturer of advanced semiconductor wafer products
for the global semiconductor industry, is pleased to announce that
its US operations have been selected as a 2017 Raytheon Supplier
Excellence Program EPIC Award winner.
As part of the Raytheon Supplier Excellence Program, suppliers
are awarded for their outstanding performance, contributions, and
support to programs across one or more Raytheon businesses. IQE has
been selected to receive an EPIC Award for its overall Excellence
in Performance, Innovation & Collaboration.
Commenting on the award, M. David Wilkins, VP for Contracts
& Supply Chain at Raytheon Company commented:
"Your commitment to excellence is greatly appreciated. It
enables our joint success and solidifies a platform for 'Building
our Future Together' in support of our mutual customer, the U.S.
Warfighter. Congratulations on your achievement."
Dr. Wayne Johnson, VP of IQE's Power Business Unit, said:
"It is a great honor to receive the 2017 Raytheon Supplier EPIC
Award which recognizes the integrity, quality and expertise that
IQE offers its customers. The award is greatly appreciated as
recognition of the innovative and talented IQE team."
CONTACTS:
IQE Press/Investors: Chris Meadows cmeadows@iqep.com
IQE Technical: Wayne Johnson wjohnson@iqep.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRALLFEFEDILVID
(END) Dow Jones Newswires
June 01, 2017 02:00 ET (06:00 GMT)
Iqe (LSE:IQE)
Historical Stock Chart
From Apr 2024 to May 2024
Iqe (LSE:IQE)
Historical Stock Chart
From May 2023 to May 2024