$14m AI & datacentre production order

• Order secured from strategic global technology customer
• Strengthens IQE's position within growing AI and datacentre ecosystems
• Ongoing development supports next-generation data communications technologies

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, is pleased to announce it has secured a multi-year production order valued at $14 million from a strategic global technology customer.

The order, which is to be manufactured at IQE's Newport foundry, supports applications serving AI and datacentre markets, where increasing data generation and hyperscale infrastructure requirements are driving demand for high-performance storage technologies.

In addition to the production order, IQE continues to engage with the customer on future opportunities, including the development of next-generation technologies supporting multiple stages of the customer's data lifecycle.

Jutta Meier, Chief Executive Officer of IQE, commented:

"We are pleased to have secured this production order with a strategic global technology leader, supporting the rapid growth of AI and datacentre markets from IQE's volume manufacturing facility at Newport and expected to build over the coming years.

This highlights the role IQE plays supporting high-performance infrastructure from the datacentre to the edge, enabled by our differentiated epitaxy portfolio, which also includes indium phosphide optical communications, silicon photonics and gallium arsenide VCSEL-based datacom applications."

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