24th Jul 2019 10:57
(Alliance News) - IQE PLC on Wednesday reported production has started of initial vertical cavity surface emitting lasers for a second major customer at the Newport Mega foundry.
Vertical cavity surface emitting lasers are a key component in multiple current 3D sensor systems.
The wafer products supplier said initial production has now commenced with a second major customer, serving the Android supply chains, and several more are in advanced stages of qualification.
Performance data from the Newport foundry has exceeded previously attained performance levels, IQE said, and several new qualifications are now in long term reliability testing.
As a result, IQE said it has signed a contract extension with one of its largest vertical cavity surface emitting lasers customers, extending the current contract until the end of 2021.
In addition, two other existing contracts have also been extended with several other new contracts in final negotiations.
"The initiation of production for a second major customer at our Newport Mega Epi Foundry, is another important milestone in cementing Newport as the premier location globally for large scale, state of the art, vertical cavity surface emitting lasers production," said Executive Vice President of Global Business Development, Photonics & InfraRed, Mark Furlong.
"The availability of the large-scale production capacity which has been established over the last 18 months at Newport, and consequent improvement in production efficiency and performance, is highly valued by our customers as they address mass market adoption across multiple applications," added Furlong.
IQE shares were trading 5.4% higher in London on Wednesday at 68.27 pence each.
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