IQE PLC IQE plc: Strategic IT transformation agreement
12 Octubre 2021 - 1:00AM
RNS Non-Regulatory
TIDMIQE
IQE PLC
12 October 2021
IQE plc
Cardiff, UK
12 October 2021
Reach
IQE enters into strategic IT transformation agreement with
Critical Manufacturing
IQE 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 it has entered into a multi-year strategic IT
transformation agreement with Critical Manufacturing to support the
future growth of IQE.
IQE has engaged Critical Manufacturing to deliver a
Manufacturing Execution System (MES) which will:
-- Enable IQE to continue providing world-leading wafer quality as the Group scales operations;
-- Increase agility and responsiveness to customers to ensure
IQE continues to be the partner of choice in advanced semiconductor
materials; and
-- Create consistency in global operations to maximise production flexibility and efficiency
The MES implementation is part of a broader systems and process
transformation of the Group, in support of enabling IQE's growth.
Legacy platforms will be replaced with automated systems to drive
manufacturing efficiencies and standardisation at all global sites,
enabling economies of scale and improving profitability. Critical
Manufacturing will deliver the MES transformation from Q4 2021 to
2024.
Keith Anderson, Chief Operating Officer of IQE, commented:
"As part of the ongoing transformation of our IT systems and
business processes, IQE has chosen Critical Manufacturing as the
Group's long-term strategic partner. Together we will deliver a
manufacturing platform which is robust, scalable and adaptable.
This new system will provide the foundation to efficiently scale
our manufacturing capabilities, provide state-of-the-art support to
our operations teams and enable a world-class service for our
customers.
Contacts:
IQE plc
+44 (0) 29 2083 9400
Phil Smith
Tim Pullen
Amy Barlow
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Chloe Francklin: +44 (0)78 3497 4624
ABOUT IQE
http://iqep.com
IQE is the leading global supplier of advanced compound
semiconductor wafers and materials solutions that enable a diverse
range of applications across:
-- handset devices
-- global telecoms infrastructure
-- connected devices
-- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
at chip and OEM level. By leveraging the Group's intellectual
property portfolio including know-how and patents, it produces
epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with c. 670 employees across
nine manufacturing locations in the UK, US, Taiwan and Singapore,
and is listed on the AIM Stock Exchange in London.
ABOUT CRITICAL MANUFACTURING
https://www.criticalmanufacturing.com/
Critical Manufacturing, a subsidiary of ASM Pacific Technology,
provides the most modern, flexible and configurable manufacturing
execution system (MES) available. Critical Manufacturing MES helps
manufacturers stay ahead of stringent product traceability and
compliance requirements; reduce risk with inherent closed-loop
quality; integrate seamlessly with enterprise systems and factory
automation, and provide deep intelligence and visibility of global
production operations.
As a result, Critical Manufacturing's customers are Industry 4.0
ready. They can compete effectively and profitably by easily
adapting their operations to changes in demand, opportunity, or
requirements, anywhere, at any time.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAFFUFIFEFSEDS
(END) Dow Jones Newswires
October 12, 2021 02:00 ET (06:00 GMT)
Iqe (LSE:IQE)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Iqe (LSE:IQE)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024