IQE plc (AIM: IQE, “IQE” or the “Group”), a supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, announced the signing of a multi-year agreement with Lumentum for the supply of epiwafers supporting 3D Sensing, LiDAR for automotive and optical networking applications.
Lumentum Holdings Inc., (NASDAQ: LITE, “Lumentum”) a photonics solutions provider, has been a long-term partner of IQE. Effective immediately, the multi-year agreement is focused on high volume production of epiwafers which will be used across Lumentum’s portfolio of innovative laser products, in particular to enable LiDAR for autonomous vehicles, where IQE will be the epitaxy partner of choice for this technology.
The strong partnership between IQE and Lumentum will also enable leadership across a wider range of cutting-edge technologies such as biometric security, data communications, and extended reality. There is also further provision for multi-year joint research and development initiatives.
Americo Lemos, Chief Executive Officer of IQE, commented:
“Our partnership with Lumentum is in alignment with our strategy to strengthen our customer relationships and to enter into long-term agreements securing wafer supply. Lumentum and IQE are industry leaders in the 3D Sensing space, and this partnership is underpinned by IQE’s unrivalled technology portfolio. We look forward to our continued collaboration and expansion of our business relationship into new market segments.”
Alan Lowe, Chief Executive Officer of Lumentum, added:
“I am pleased to extend our fruitful partnership with IQE into the future. They supported our ramp to high volumes in the consumer space, where we have shipped more than 1 billion large scale VCSEL arrays. As we start to ramp high volumes of differentiated solutions into even more demanding applications in the coming years in the automotive, extended reality, and industrial spaces, I’m sure our partnership will continue to flourish.”