IQE announces strategic cooperation agreement with SK siltron


• Based on IQE's powerful gallium nitride innovations

• Industry leaders form partnerships with a focus on Asian market growth

IQE plc(AIM stock code: IQE, hereinafter referred to as "IQE" or "Group"), the world's leading supplier of compound semiconductor wafer products and advanced material solutions, recently officially announced that it has reached a strategic cooperation agreement with SK siltron, focusing on compound semiconductor Product development and commercialization.

SK siltron innovatively introduces the next generation of semiconductor equipment based on world-class technology. Combining SK siltron's substrate expertise and IQE's market-leading outreach capabilities, this partnership formalizes a strategic focus for growing our business in the Asian market. IQE and SK siltron will focus on the development and supply of silicon carbide-based (SiC) gallium nitride (GaN) innovative epitaxial wafers for RF applications in the wireless communications market, as well as silicon-based gallium nitride (Si) applications in a range of markets. These GaN device markets can total billions of dollars and are expected to have strong growth in consumer, telecom and automotive applications.