IQE announces multi-year strategic agreement with global consumer electronics leader

• Multi-year volume supply agreement to begin immediately
• Development of VCSEL technology for next-generation 3D Sensing applications
• Further strengthens IQE’s position as a market leader in 3D Sensing

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 strategic agreement with a global consumer electronics leader based in Asia.

The agreement is focused on the high-volume production of VCSELs for advanced 3D Sensing applications. The parties are also engaged in joint research and development for next generation sensing technologies and use cases.

Americo Lemos, Chief Executive Officer of IQE, commented:

“This agreement marks the start of a long-term strategic relationship between two industry leaders. At IQE we have demonstrated our ability to deliver unparalleled levels of innovation, scale and quality over the history of our VCSEL production. To secure this partnership with a consumer electronics company of this calibre, reaffirms our position as the leading global vendor of VCSEL products to the semiconductor industry.”