IQE breaks million pound order barrier

IQE, the supplier of semiconductor wafer products and services, said it had received its first single order valued at more than one million pounds.

This order for the advanced laser wafers, which enable a new generation of fibre-optic communications devices, is to be delivered during the first half of 2013 with further significant follow-on orders expected.

This would be driven by strong demand in China for datacentre applications and infrastructure build out, the firm said.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

The wafers will be produced at IQE's Cardiff manufacturing facility utilising its state-of-the-art 100mm InP platforms.

Dr Drew Nelson, President and Chief Executive of IQE, said the firm had established a clear leadership position in the design and supply of advanced semiconductor wafers for a wide range of optoelectronic applications.

"This latest order for a new range of low-cost, high-performance optical fibre components marks a key milestone in the adoption of optical interconnects for a range of high volume applications," he said.

MM