And the latest advanced tunable colour light emitting diodes (LEDS), based on compound semiconductors in which IQE
specialises, are shaping consumer behaviour, as well as having a positive impact on how children behave in the classroom.
It comes despite IQE
last month forecasting revenues for 2017 would rise to at least PS150m.
The sensors require so-called vertical cavity surface-emitting laser (VSCEL) wafers, in which Cardiffbased IQE
has an 80% market share.
It is hugely encouraging that Welsh Governments initial 12m investment in developing the cluster back in 2015 has been the catalyst for todays announcement that IQE
plans to expand into the City Deals new facilities.
Thanks to the GET diode device architecture and the low buffer leakage current of IQE
wafers, the large GaN power diodes (10 mm) that were fabricated in imec's 200-mm Si pilot line showed a low leakage current (at up to 650 V) and low turn-on voltage.
Under the deal, IQE
has signed an exclusive licence and assignment agreement with Silex Systems Ltd.
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
With strong strategic relationships in place, market leaders like IQE
and Kopin will benefit from continued demand SI GaAs epitaxial substrates, despite the macroeconomic concerns surrounding end markets for GaAs," predicts Asif Anwar, Director of the GaAs service at Strategy Analytics.
Analysts from investment managers Canaccord visited IQE
's facilities Newport last Friday to confirm for themselves the authenticy of the Compound Semiconductor Centre (CSC) joint venture in which IQE
is a partner with Cardiff University.
Alun Cairns MP, Welsh Economy and Infrastructure Secretary Ken Skates, CSC Foundry directors Councillors Bob Greenland (Monmouthshire) and Andrew Barry (Merthyr), and IQE
chief executive Dr.
makes the special materials that are found in laser diodes, which are expected to feature in the next Apple iPhone.