Business
IQE plc:VisIC Technologies strategic collaboration
IQE plc:VisIC Technologies strategic collaboration.
About this update from Iqe Plc
[{"type":"text","content":"\n\nIQE plc\n \nReach\n \nCardiff, UK\n19 September 2023\n \n \nIQE announces strategic collaboration with VisIC Technologies\n \n- Partnership to develop next-generation D-Mode GaN Power Devices\n- GaN Power 200mm (8\") epiwafers for EV applications\n \nIQE plc (AIM: IQE, \"IQE\" or the \"Group\"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, is pleased to announce a strategic collaboration with VisIC Technologies, a global leader in the provision of GaN (Gallium Nitride) power solutions to the automotive sector, to develop the highest reliability gallium nitride D-Mode (D-Mode GaN) power products for use in electric vehicles inverters.\nIQE and VisIC Technologies will collaborate to develop 200mm (8\") D-Mode GaN power epiwafers that will be developed at IQE's UK facilities, leveraging IQE's well-established expertise in GaN technology.\nVisIC Technologies, with its ground-breaking D3GaN technology (Direct Drive D-Mode GaN), brings the future of EV inverters into focus. This technology promises to reduce power consumption, increase reliability and enhance performance in electric vehicles. By combining VisIC Technologies' innovative Power Electronics solutions with IQE's epitaxy excellence, this partnership aims to accelerate the adoption of GaN-on-Silicon technology in EVs, significantly contributing to the evolution of sustainable transportation.\nThe collaboration marks another important milestone in IQE's strategy of diversification into the high-growth Power market, first announced at its 2022 Capital Markets Day. IQE sees significant opportunities in the GaN Power epiwafer market in particular, which is forecast to reach a $632m value by 2027*.\nAmerico Lemos, Chief Executive Officer of IQE, commented:\n\"We are pleased to announce this collaboration with VisIC Technologies to develop GaN power technologies for use in electric vehicles. Our combined expertise in the field makes this an ideal partnership. This is another sign of the progress we are making in our diversification strategy, as we look to capture the significant growth opportunities in the GaN automotive power market, which is vital in supporting the transition to electric vehicles.\"\nDr Tam...