Extended GaAs deal worth $20 million to IQE - Embedded.com

Extended GaAs deal worth $20 million to IQE

LONDON — IQE plc's Pennsylvania-based business unit has been awarded a multi-year contract extension as sole supplier of GaAs based pHEMT epi-wafers to a major U.S. wireless component manufacturer.

The contract extension, which is with an existing IQE (cardiff, Wales) customer, is valued at approximately $20 million in revenue over the next two years and is a long term agreement designed to support the customer’s planned growth over the coming years.

The GaAs based pHEMT epi-wafers are manufactured using the group’s molecular beam epitaxy tools and are used in mobile handsets and other wireless communication devices.

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