IQE wins $20m GaAs PHEMT deal with major US component maker

The contract extension, which is with an existing IQE customer, is valued at approximately US $20 million in revenue over the next two years and is a long term agreement designed to support the customer's planned growth over the coming years. The contract also extends the coverage of IQE's range of other products.

The GaAs based pHEMT epi-wafers are manufactured using the Group's advanced Molecular Beam Epitaxy (MBE) tools and provide the enabling technology for mobile handsets and other wireless communication devices.

Steve Gergar, VP and General Manager of IQE's Bethlehem PA business said: "The extension of this contract by a major player in the RF/wireless components arena demonstrates a great deal of confidence in IQE's ability to support its customers, particularly during periods of high growth."

Dr Drew Nelson, President and Group CEO added: "IQE's continued status as sole supplier to one of the world's leading wireless components manufacturer shows the growing commitment by the industry towards outsourcing and confirms the strength of IQE's business model. It is also testament to the quality of service provided by IQE over the last few years and strength of relationship that the customer feels confident in extending their business with IQE."