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IQE PLC - Cardiff, Wales-based semiconductor wafer products - Signs multi-year agreement with Lumentum Holdings Inc, a Nasdaq-listed photonics solutions provider, to supply epiwafers supporting 3D sensing, LiDAR for automotive, and optical networking applications. The agreement focuses on high-volume production of epiwafers to be used across Lumentum's portfolio of laser products. In particular, this will enable LiDAR for autonomous vehicles, for which IQE will be the preferred epitaxy partner. Lumentum is already a long-term partner of IQE, and this further agreement will advance progress in biometric security, data communications, and extended reality.
IQE also notes the potential for further multi-year joint research and development projects.
Current stock price: 35.70 pence, up 3.2% on Wednesday
12-month change: down 23%
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