IQE plc 
   Cardiff, UK 
   11 February 2021 
   Settlement of Legal Dispute 
   IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading supplier of 
advanced wafer products and material solutions to the global 
semiconductor industry, today provides an update regarding an ongoing, 
multifaceted intellectual property legal dispute. 
   The dispute has been referenced previously in IQE's 2018 and 2019 Annual 
Reports, where the associated legal costs were listed as exceptional 
   An arbitration hearing relating to this matter was held in September 
2019 and the Tribunal's Final Award was delivered in January 2020. The 
Tribunal's award was entirely in IQE's favour.  Since then, the parties 
have been engaged in litigation in U.S. federal court regarding the 
effect of the Tribunal's decision on cases that had been brought against 
IQE and IQE employees in that court. 
   The parties have settled the claims out of court and IQE has now 
received a full and final settlement payment of US$2.5m. 
   Dr Drew Nelson, OBE, Chief Executive Officer of IQE said: 
   "I am very pleased that this matter is now fully resolved. IQE has 
developed unparalleled materials expertise to meet global demand for 
advanced semiconductor wafer products, and this is underpinned by our 
comprehensive intellectual property portfolio which we are prepared to 
rigorously defend." 
   IQE plc 
   +44 (0) 29 2083 9400 
   Drew Nelson 
   Tim Pullen 
   Amy Barlow 
   Peel Hunt LLP (Nomad and Joint Broker) 
   +44 (0) 20 7418 8900 
   Edward Knight 
   Paul Gillam 
   Nick Prowting 
   Citigroup Global Markets Limited (Joint Broker) 
   +44 (0) 20 7986 4000 
   Christopher Wren 
   Peter Catterall 
   Headland Consultancy (Financial PR) 
   + 44 (0) 20 38054822 
   Andy Rivett-Carnac: +44 (0) 7968 997 365 
   Chloe Francklin: +44 (0)78 3497 4624 
   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. 650 employees across nine 
manufacturing locations in the UK, US, Taiwan and Singapore, and is 
listed on the AIM Stock Exchange in London. 

(END) Dow Jones Newswires

February 11, 2021 02:00 ET (07:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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