IQE PLC IQE plc: Strategic partnership with Porotech
May 10 2022 - 5:29AM
RNS Non-Regulatory
TIDMIQE
IQE PLC
10 May 2022
IQE plc
Cardiff, UK
10 May 2022
Reach
IQE announces strategic partnership with Porotech
-- IQE enters into the microLED market
-- Commercialisation of unique microLEDs for production at scale
-- Broad range of applications including wearable devices and smart displays
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 a strategic partnership with Porotech, a pioneer in
microLED and GaN-based semiconductor technology.
The focus of the partnership is to develop, scale and
commercialise Porotech's unique wafer technology that achieves all
three colours (RGB) on a single 200 or 300mm GaN-based wafer for
ultra-high-density and efficient microLEDs, the applications for
which include AR/MR/VR, wearable devices, smart displays and
large-scale direct view displays.
The intention is for IQE to be Porotech's epitaxial wafer
foundry partner, providing GaN MOCVD capacity for the volume
production of Porotech's PoroGaN(R) microdisplay technology
platforms. Together, the companies will develop and productionise
200mm manufacturing platforms as well as 300mm wafer formats.
Americo Lemos, Chief Executive Officer of IQE, commented :
"This partnership marks IQE's entrance into the microLED market
with a unique platform. As we stated in March 2022, we believe the
microLED market presents a significant opportunity for our
business. IQE's proven heritage in GaN epitaxy and our
industry-leading footprint in high volume wafer manufacturing
combined with Porotech's PoroGaN(R) microdisplay technology
platform, will create a compelling and differentiated product
offering."
Porotech, Chief Executive Officer and co-founder Dr Tongtong
Zhu, added:
"IQE's deep heritage and innovation in MOCVD epitaxial growth
technologies, as well as its mass production capability, are
optimised for very small high-brightness microLED pixels that match
perfectly with Porotech's platform. We look forward to working
together to commercialise this solution."
Contacts:
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Tim Pullen
Amy Barlow
Peel Hunt LLP (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Edward Knight
Paul Gillam
James Smith
Citigroup Global Markets Limited (Joint Broker)
+44 (0) 20 7986 4000
Christopher Wren
Peter Catterall
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Marta Parry-Jones: +44 (0) 7884 742 400
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 POROTECH
Porotech is a micro-LED pioneer and global gallium nitride (GaN)
material technology developer, headquartered in Cambridge (UK),
with offices in Hsinchu (Taiwan) and Chandler, Arizona (USA).
Focused on next-generation display applications, Porotech's
game-changing PoroGaN(R) technology platform enables ultra-small
and efficient micro-LED chips which can emit all colours of the
visible spectrum with a single GaN material system. For more
information, visit: www.porotech.com
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