IQE plc (AIM: IQE), which supplies compound semiconductor wafer and advanced material products, says it deliver epiwafers to Lumentum (NASDAQ: LITE) based on a multi-year agreement. Lumentum will use the epiwafers for products in the 3D sensing, LiDAR, and optical networking arenas.
IQE described Lumentum as a long-standing customer and says that LiDAR for autonomous vehicles is a primary focus of the agreement; the company will serve as Lumentum’s epitaxy partner of choice. However, biometric security, data communications, and extended reality applications also will benefit from the epiwafers. IQE adds that the agreement also provides for multi-year joint research and development initiatives.
“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,’ stated Americo Lemos, CEO of IQE. “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.”
“I am pleased to extend our fruitful partnership with IQE into the future,” added Lumentum CEO Alan Lowe. “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.”
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