Cardiff, 09 January 2017: IQE plc (AIM: IQE, “IQE” or the “Group”), the leading manufacturer of advanced semiconductor wafer products for the global semiconductor industry, was honoured at an exclusive event on Wednesday 30th November at London Stock Exchange, for The European Business Awards sponsored by RSM.
IQE was one of 55 European firms chosen by a panel of independent judges, including senior businesses and academic leaders, to be 'National Champions' in Europe’s largest business competition, in recognition of its close work with the Welsh Government and Cardiff University to achieve a number of key milestones in developing an advanced, high-tech manufacturing capability with the vision of establishing the world’s first Compound Semiconductor Cluster in Wales.
Chris Meadows, IQE (middle) collecting the “National Champions” certificate from representatives of sponsors RSM at the European Business Awards UK National Champion event.
IQE will now represent the UK in the next stage and put forward a video giving a powerful insight into the story of its business and success. Competing against all other country National Champions for the public vote, the company with the most votes will be named ‘National Public Champion’ for The UK at the Gala Final in spring 2017. The first phase of the online voting is now open. Please visit http://www.businessawardseurope.com/vote/detail-new/united-kingdom/20779 to vote for IQE.
The second public vote will see all of the National Public Champions from different countries compete against each other to become the overall European Public Champion.
The European Business Awards was set up to support the development of a stronger and more successful business community throughout Europe. This year it engaged with over 33,000 businesses from 34 countries.
IQE is the leading global supplier of advanced semiconductor wafers with products that cover a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers.
IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor wafers 'epi-wafers' to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms.
IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as smartphones and wireless infrastructure, Wi-Fi, base stations, GPS, and satellite communications; optical communications, optical storage, printing, thermal imagers, leading-edge medical products, barcode, ultra high brightness LEDs, a variety of advanced silicon based systems and high efficiency concentrator photovoltaic (CPV) solar cells.
The manufacturers of these chips are increasingly seeking to outsource wafer production to specialist foundries such as IQE in order to reduce overall wafer costs and accelerate time to market.
IQE also provides bespoke R&D services to deliver customised materials for specific applications and offers specialist technical staff to manufacture to specification either at its own facilities or on the customer's own sites. The Group is also able to leverage its global purchasing volumes to reduce the cost of raw materials. In this way IQE's outsourced services, provide compelling benefits in terms of flexibility and predictability of cost, thereby significantly reducing operating risk.
IQE operates multiple manufacturing and R&D facilities worldwide.
About the European Business Awards:
The European Business Awards’ primary purpose is to support the development of a stronger and more successful business community throughout Europe. For all citizens of Europe, prosperity, social and healthcare systems are reliant on businesses creating an even stronger, more innovative, successful, international and ethical business community - one that forms the beating heart of an increasingly globalised economy.
The European Business Awards programme serves the European business community in three ways:
The European Business Awards is now in its 10th year. This year it engaged with over 33,000 businesses from 34 countries. Last year’s public vote generated over 227,000 votes from across Europe. Sponsors and partners include RSM, ELITE and PR Newswire.