IQE plc

Reach

Cardiff, UK

11 December 2023

IQE and Cardiff University extend long-term partnership

·    Fostering compound semiconductor talent pipeline

·    Advancing research and development into emerging applications

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 an extension of its partnership with Cardiff University.

This further extends a long-term collaboration between the two partners to expand research capacity in compound semiconductor technologies and skills provision at Postgraduate and Doctorial levels. It will enable the development of a talent pipeline that will support future expansion of IQE's South Wales manufacturing operations.

The partnership will extend the research and development roadmap between IQE and Cardiff University to support emerging applications in quantum systems, consumer electronics, communications infrastructure and energy efficient power electronics for Net Zero.

Americo Lemos, Chief Executive Officer of IQE, commented:

"People are at the heart of innovation in the semiconductor industry and there is a recognised shortage of talent worldwide. By strengthening our partnership with Cardiff University, we are creating a talent pipeline for the benefit of IQE and the wider South Wales semiconductor industry to underpin growth. By supporting university-level training and collaborating on research and development, together we will continue to build a resilient and competitive world-class compound semiconductor ecosystem."

Rudolf Allemann, Pro Vice-Chancellor, International and Student Recruitment and Head of the College of Physical Sciences and Engineering, commented:

"The close and focused partnership between IQE plc and Cardiff University has already delivered results, helping position South Wales as a leader in the field of semiconductor research and development. Over the next five years, we will build on that success with the partnership further benefiting industry and the regional economy."

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.

ABOUT CARDIFF UNIVERSITY

Cardiff University

Cardiff University is recognised in independent government assessments as one of Britain's leading teaching and research universities and is a member of the Russell Group of the UK's most research intensive universities. The 2021 Research Excellence Framework found 90% of the University's research to be world-leading or internationally excellent. Among its academic staff are two Nobel Laureates, including the winner of the 2007 Nobel Prize for Medicine, Professor Sir Martin Evans. Founded by Royal Charter in 1883, today the University combines impressive modern facilities and a dynamic approach to teaching and research. The University's breadth of expertise encompasses: the College of Arts, Humanities and Social Sciences; the College of Biomedical and Life Sciences; and the College of Physical Sciences and Engineering. Its University institutes bring together academics from a range of disciplines to tackle some of the challenges facing society, the economy, and the environment.