However, in order to do this the CSC - a partnership between IQE
and Cardiff University's PS40m Institute of Semiconductors - must overcome some formidable obstacles that have faced academic and commercial researchers and engineers for decades.
Professor Hywel Thomas, pro vice-chancellor for research, innovation and engagement, said: "The granting of the funding package is a major step in the development of both the Institute for compound semiconductors and a cluster for compound semiconductor expertise led jointly by IQE
and Cardiff University.
said Translucent's cREO technology provides a unique approach to the production of a vast range of innovative compound semonductor on silicon products, including gallium nitride (GaN) on silicon (Si) for power switching and RF technologies markets.
Through its acquisition of RFMD's MBE manufacturing capabilities and Kopin's III-V business, IQE
has become the dominant supplier, accounting for nearly 60 percent of all production.
It was not just IQE
that posted 'disappointing' results, two of IQE
's staple clients RFMD and Triquint also posted weaker than expected 2014 guidance, news that more than likely added to the downward pressure.
Drew Nelson, IQE
chief executive, with economic development minister Andrew Davies at the launch
On Wednesday, IQE
reported second-quarter profit before exceptionals of pounds 0.
Statements in this news release about the completion of Kopin's sale of its III-V assets to IQE
plc may be considered "forward-looking" statements under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995.
The Compund Semiconductor Centre (CSC) will see Cardiff-based IQE
, whose technology can be found in most mobile devices on the world market, working closely with Cardiff University's new PS40m Institute of Compound Semiconductors (ICS).
The new supply contract guarantees IQE
at least 75% of the customer's demand for epiwafers that are produced using its metal organic chemical vapor deposition (MOCVD) platform.
has secured a seven-year exclusive agreement to manufacture all the wafers used by Solar Junction, one of the world's leading players in this technology.
Solar Junction and IQE
have been working closely for the past year as strategic manufacturing partners of the world's most efficient multi-junction solar cells.