RF Electronics ♦ news digest reduce from this level.
Towards the end of 2013, in addition to successfully renewing its existing contractual relationships with key wireless customers, IQE also extended its contractual share of future business. The group continues to diversify its business across non-wireless applications.
The board remains confident that the group can continue to deliver increased free cash flow over the coming year and beyond, as the business continues to diversify, and cost synergies from recent acquisitions are realised.
Drew Nelson, CEO and President of IQE plc, says, “I am very pleased to announce that we expect to report a record level of revenue and earnings for 2013 as a result of IQE’s increasingly strong position within the Compound Semiconductor Industry, and our rapidly strengthening product portfolio. As a result of strong cash flows we have also successfully reduced net debt and the deferred consideration owing on prior acquisitions.”
“We look forward to further increasing cash flows and earnings during the current year and beyond as we maintain our strong position in wireless and continue to leverage opportunities to exploit our products in other high-growth markets.”
Obama announces IQE as key partner in clean energy
IQE is to play a key part in a consortium of high tech businesses and academia in a major Clean Energy Initiative announced in North Carolina by the U.S. President
President Obama announced the formation of the Clean Energy Manufacturing Innovation Institute during a visit to North Carolina State University on Wednesday 15th January.
The establishment of the institute will be led by North Carolina State University and industry partners include ABB, APEI, Avogy, Cree, Delphi, Delta Products, DfR Solutions, Gridbridge, Hesse Mechantronics, II-VI, IQE, John Deere, Monolith Semiconductor, RF Micro Devices, Toshiba International, Transphorm, USCi, and Vacon.
The formation of the Institute is part of the U.S. Government’s National Network for Manufacturing Innovation Initiatives (NNMI) announced by The White House in February 2013 to bolster the competitiveness of U.S. manufacturing.
IQE has been selected as supplier of epitaxial materials to the consortium for the development of a 150mm GaN- on-silicon power electronics capability for high voltage (600V to 1200V) applications, an award which is worth up to $4 million over the next five years.
GaN-on-silicon is a key materials technology not only for highly efficient power semiconductors with applications ranging from everyday power supplies for consumer electronics to industrial motor controls and hybrid-electric vehicles, but also for RF applications in next generation base station and small cell RF communication networks, as well as highly cost efficient LEDs, high speed rail and other power efficient applications.
GaN has been a key materials technology initiative for IQE over the last few years, building on the acquisition of NanoGaN in 2010, Kopin Wireless in 2013, and the successful development and deployment of GaN on SiC technology for high power RF applications, culminating in the launch of the world’s first 150mm GaN-on-SiC wafer products in 2013.
Commenting on the announcement, IQE CEO and President, Drew Nelson said, “Yesterday’s announcement is a great endorsement of IQE’s recognition as a global leader in advanced semiconductor products and highlights the importance of materials such as GaN as a key enabling technology for the future.
IQE has built a diversified portfolio of advanced compound semiconductor products which are now beginning to impact many aspects of today’s and tomorrow’s advanced technologies targeting wireless communications, opto electronics, InfraRed and X-ray detection, clean energy generation, power efficient devices and next generation CMOS.
Compound semiconductors offer limitless access and solutions to next generation societal challenges, and IQE is positioned as the global leader in the commercialisation of these new technologies.”
Christine King jumps on Skyworks’ board
The executive will bring her extensive semiconductor experience to the innovator of high performance analogue products enabling a broad range of end markets
Skyworks Solutions, Inc. has appointed Christine King to its board of directors.
January / February 2014
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