IQE plc

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Cardiff, UK

3 August 2023

IQE CEO Americo Lemos confirmed as member of UK Government Semiconductor Advisory Panel

·    Key element of the UK Semiconductor Strategy, the Panel brings together expertise from across industry and academia to work towards the Government's Strategy goals

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 that its CEO, Americo Lemos, has today joined the UK Government's Semiconductor Advisory Panel.

Americo joins the Panel, confirmed by the Department for Science, Innovation and Technology and first announced in the UK Government's Semiconductor Strategy released in May. The Panel includes representatives from across business and academia and will convene every two months to advise how industry and Government can work together to develop the UK semiconductor ecosystem.

The work of the Panel will be guided by the three key goals set out in the Semiconductor Strategy, namely growing the domestic semiconductor sector, mitigating the risk of supply chain disruptions and protecting national security.

The Strategy identified compound semiconductors as one of the areas in which the UK is world-leading, and maintaining this position in compound semiconductor innovation and manufacturing will be critical. These semiconductors will deliver next-generation technology in key applications ranging from 5G communications, electric and autonomous vehicles, to the efficient energy infrastructure that will be necessary to achieve Net Zero.

Americo Lemos, CEO of IQE, said:

"I am pleased to be representing the semiconductor manufacturing industry on the Government's Advisory Panel. Working closely with partners from across the industry, our focus is the development of a secure and resilient supply chain that will safeguard the UK's position as a global leader in the semiconductor ecosystem."

Notes to Editors

The full membership of the Panel is:

·    Paul Scully MP, Minister for Tech and the Digital Economy (Co-chair)

·    Dr Jalal Bagherli, former Chief Executive of Dialog Semiconductor (Co-chair)

·    Amelia Armour - Partner, Amadeus Capital Partners

·    Janet Collyer - Senior Independent Director at EnSilica, Independent NED at the UK Aerospace Technology, Chair of the Board at Quantum Dice and at Machine Discovery

·    Prof. John Goodenough - Chair in Microelectronic Systems, University of Sheffield

·    Richard Grisenthwaite - Executive VP & Chief Architect, Arm

·    Rae Hyndman - Managing Director, Clas-SiC Wafer Fab

·    Americo Lemos - CEO, IQE

·    Dr Andy Sellars - Strategic Development Director, Compound Semiconductor Applications Catapult

·    Dr Eben Upton - CEO, Raspberry Pi

·    Scott White - Executive Director, Pragmatic

Contacts:

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Neil Rummings

Amy Barlow

Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822

Andy Rivett-Carnac: +44 (0) 7968 997 365

Chloe Francklin: +44 (0)78 3497 4624

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:

·    Smart Connected Devices

·    Communications Infrastructure

·    Automotive and Industrial

·    Aerospace and Security

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the global market and is enabling customers to innovate 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 employees across eight manufacturing locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in London.