Macom to enter long-term supply agreements with IQE

MACOM Technology Solutions (MTSI) will enter into Long-Term Supply Agreements with IQE plc (IQEPF) for epitaxial services spanning multiple technologies. The LTSAs are expected to further secure supply in support of MACOM’s growth strategy. In parallel with the LTSAs, subject to customary closing conditions, including obtaining certain regulatory clearances, MACOM will participate in a financing transaction with IQE. MACOM’s proposed investment in IQE will total GBP 45 million, in the form of equity and a convertible loan note. As part of the investment, MACOM will receive representation on IQE’s board of directors.