IQE extends partnernship with Cardiff University

IQE said its new deal further extended a long-term collaboration between the two to expand research capacity in compound semiconductor technologies and skills provision at postgraduate and doctorial levels and will enable the development of a talent pipeline that will support the future expansion of IQE's South Wales manufacturing operations.

The AIMM-listed group added that the partnership will extend the research and development roadmap between IQE and Cardiff University to support emerging applications in quantum systems, consumer electronics, communications infrastructure and energy-efficient power electronics for net zero.

Chief executive Americo Lemos said: "People are at the heart of innovation in the semiconductor industry and there is a recognised shortage of talent worldwide. By strengthening our partnership with Cardiff University, we are creating a talent pipeline for the benefit of IQE and the wider South Wales semiconductor industry to underpin growth. By supporting university-level training and collaborating on research and development, together we will continue to build a resilient and competitive world-class compound semiconductor ecosystem."

As of 1025 GMT, IQE shares were up 2.45% at 21.87p.

Reporting by Iain Gilbert at Sharecast.com