30th Oct 2014 11:03
LONDON (Alliance News) - IQE PLC Thursday said it has agreed a long-term contract, worth about USD1.1 million over the next 12 months, to supply infrared materials to a "leading" semiconductor manufacturer.
The supplier of semiconductor wafer products and services said the deal represents the largest single purchase order for indium antimonide products manufactured by IQE Infrared's UK substrate manufacturing business unit. It is with a long-standing industry partner.
"Further details of the specific customer, product and application cannot be disclosed at this time due to confidentiality designed to protect the customer's IP and retain its competitive advantage. However, InSb is the material of choice for a wide range of sensing devices employed in a growing number of consumer, defence, security, medical and industrial applications," IQE said in a statement.
IQE shares were down 1.4% at 16.03 pence Thursday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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