| Home | About Us | Contribute | Bookstore | Advertising | Subscribe for Free NOW! |
| News Archive | Features | Events | Recruitment | Directory |
| FREE subscription |
| Subscribe for free to receive each issue of Semiconductor Today magazine and weekly news brief. |
News
8 October 2009
IQE completes NanoGaN acquisition
Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has completed the acquisition of UK based NanoGaN Limited for an initial consideration of £0.4m, which has been settled by the issue of new shares and cash as announced by IQE on 5 October 2009.
The completion follows the admission to trading on AIM of 5,819,134 New Ordinary Shares (being the Placing Shares and the Consideration Shares) today. The New Ordinary Shares rank pari-passu with the existing issued Ordinary Shares.
“This acquisition of NanoGaN represents a major milestone in our technology roadmap, and enables the Group to accelerate its entry into the emerging high growth and large volume markets for blue and green semiconductor lasers as well as the key enabling materials for low energy LED lighting,” said Dr Drew Nelson, IQE’s CEO.
See related items:
IQE to buy GaN substrate firm NanoGaN for £3.6m
Orders return to pre-recession levels at IQE
Search: IQE Epiwafers GaN Free-standing GaN substrates
Visit: www.iqep.com
Visit: www.nanogan.com
©2009 Juno Publishing and Media Solutions Ltd. All rights reserved. Semiconductor Today and the editorial material contained within it and related media is the copyright of Juno Publishing and Media Solutions Ltd. Reproduction in whole or part without permission from Juno Publishing and Media Solutions Ltd is forbidden. In most cases, permission will be granted, if the author, magazine and publisher are acknowledged.
Disclaimer: Material published within Semiconductor Today and related media does not necessarily reflect the views of the publisher or staff. Juno Publishing and Media Solutions Ltd and its staff accept no responsibility for opinions expressed, editorial errors and damage/injury to property or persons as a result of material published.
Semiconductor Today, Juno Publishing and Media Solutions Ltd, Suite no. 133, 20 Winchcombe Street, Cheltenham, GL52 2LY, UK
Web site by No Name No Slogan 