LSE 38.00GBX at 23:50 GMT Contact Us Open search form About Us Products Markets Innovation Responsibility Investors Media Careers HOMEABOUT USSTRATEGY Strategy About Us At a Glance Strategy Business Model Sites Quality Leadership Heritage Accreditations Corporate Governance Our Strategy IQE is focused upon delivering enabling technology which meets performance and price points, and which can be delivered reliably, on-time, and with the ability to scale rapidly. Progress on Strategy INVESTING IN THE FUTURE OF COMPOUND SEMICONDUCTORS Strategic Goal Progress Leveraging and expanding the IP Portfolio Developing and launching new products Targeting new market entry Innovation in integration and miniaturisation Full-service DFB lasers for data comms using Nano-Imprint Lithography in qualification, revenues possible in H2 2021 Successful development of IQGeVCSEL 150™ technology for 6” Vertical Cavity Surface Emitting Lasers (VCSELs) on Germanium (Ge), a critical step in the pathway to 8” VCSEL technology Successful development of IQepiMo™ template technology for RF Filters and any application requiring low resistance buried electrodes, built on the patented cREO® technology platform Strong development progress in long wavelength VCSEL technology (MBE platform) and lasers for healthcare monitoring SCALING THE BUSINESS FOR GROWTH Strategic Goal Progress Expand Group capacity Qualify customers in strategic markets Enhance management controls, systems and processes to enable mass production Capital expenditure significantly reduced in 2020 following completion of the infrastructure phase of the capacity expansion Future capex will be more linear with anticipated revenue growth Closure of IQE’s Pennsylvania US site by 2024 and consolidation of US MBE development and production at the North Carolina US site announced Systems transformation programme launched to provide a consistent, agile and scalable platform for business growth Three new Aixtron G4 tools ordered in Q1 2021 to support volume growth for Wireless GaAs in Taiwan EXPANDING MARGINS AND CASHFLOWS Strategic Goal Progress Superior unit economics from superior yields and economies of scale Customer and market diversification Intellectual property generation as a Material Solutions provider Site utilisation significantly improved vs FY19 levels Return to profitability as a result of additional volume and high operational gearing Strong operating and free cashflow Strengthened balance sheet with net cash of £2m as at 31 Dec 2020 Expanding IP portfolio – over 30 patents registered in 2020 IP portfolio successfully defended with a legal dispute resolved post year end including a cash settlement of $2.5m in favour of IQE Click to enlarge *Report on strategic progress as detailed in our Annual Report and Accounts 2020. Quick Links About Us Products Markets Innovation Investors Responsibility Media Careers Contact Us Email sign-up Enter email address Follow us © IQE PLC Contact Us Accessibility Privacy and Cookies Sitemap Terms and Conditions Anti-Slavery Statement Boiler Room Scam emperor.works This site uses cookies to store information on your computer. Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used. I AcceptI Do Not Accept Necessary Cookies Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences. Analytical Cookies Analytical cookies help us to improve our website by collecting and reporting information on its usage. Analytical Cookies On Off Marketing Cookies We use marketing cookies to help us improve the relevancy of advertising campaigns you receive. Marketing Cookies On Off Social Sharing Cookies We use some social sharing plugins, to allow you to share certain pages of our website on social media Social Sharing Cookies On Off Save & Close About this tool (Opens in a new window) Cookie Control