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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