IQE plc ( (GB:IQE) ) just unveiled an update.
IQE plc and X-FAB Silicon Foundries SE have announced a Joint Development Agreement to create a European-based GaN Power device platform. This collaboration aims to develop a 650V GaN device by combining IQE’s expertise in GaN epitaxy design with X-FAB’s technology development and device fabrication capabilities. The partnership is set to provide fabless semiconductor companies with an advanced GaN platform, enhancing innovation cycles and reducing time-to-market for automotive, data center, and consumer applications. This initiative is expected to strengthen Europe’s position in next-generation power semiconductor technology and offer a compelling alternative to existing supply chain models.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and material solutions, catering to a wide range of applications including smart connected devices, communications infrastructure, automotive and industrial sectors, as well as aerospace and security. With a strong intellectual property portfolio and manufacturing presence in the UK, US, and Taiwan, IQE is positioned to enable innovation at the chip and OEM levels. The company is headquartered in Cardiff, UK, and is listed on the AIM Stock Exchange in London.
YTD Price Performance: -10.27%
Average Trading Volume: 3,159,025
Technical Sentiment Signal: Strong Buy
Current Market Cap: £95.13M
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