IQE (AIM:IQE) announced it has secured a multi-year production order worth $14 million from a strategic global technology customer targeting AI and datacentre markets.
The Cardiff-based company, a supplier of compound semiconductor wafers and advanced material solutions used in smart devices, communications infrastructure and aerospace applications, will manufacture the order at its Newport foundry.
The order supports applications for high-performance storage technologies, as hyperscale infrastructure and rising data generation drive demand across the sector.
IQE said it is also working with the same customer on future opportunities, including next-generation technologies covering multiple stages of the customer's data lifecycle.
Chief executive Jutta Meier said the deal, expected to build over coming years, underlines IQE's role "supporting high-performance infrastructure from the datacentre to the edge, enabled by our differentiated epitaxy portfolio".
That portfolio spans indium phosphide optical communications, silicon photonics and gallium arsenide VCSEL-based datacom applications, positioning the Newport site at the centre of the company's push into AI-driven infrastructure demand.
