Cardiff, UK, 11 June 2012: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and wafer services to the semiconductor industry, has completed the acquisition of the entire in-house MBE epi-wafer manufacturing unit of RFMD (Nasdaq:RFMD), a global leader in the design and manufacture of high performance RF components and compound semiconductor technologies, and has secured a long-term wafer supply agreement for exclusive provision of all of RFMD's MBE wafers and for provision of a majority of RFMD's MOCVD wafer requirements.
Dr Drew Nelson, President and CEO of IQE, said
"This landmark deal secures IQE world class epi-wafer production assets and staff, together with a long term wafer supply agreement with one of the true global leaders in the wireless market. This dealfurther strengthens IQE's leadership position in the supply of wafers to the global wireless industry and enables IQE to rapidly build a global leadership position in the supply of wafers for the burgeoning CPV sector."
