- News
23 September 2015
IQE wins Business of the Year awards
Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has won the titles of Business of the Year and International Business of the Year at the Cardiff Business Awards, held at Cardiff City Hall on 18 September. The awards ceremony was organized by local company Grapevine Event Management and the International Business award was sponsored by Brighter Communications.
"We are delighted that the judges recognised IQE's leadership and vision in such a vibrant city," says IQE Group president & CEO Dr Drew Nelson. "These awards also recognise the dedication and the commitment of our employees to establish IQE as a key player in Cardiff and as the world's leading supplier of semiconductor wafers," he adds.
On 9 July IQE entered into a joint venture with Cardiff University to create the Compound Semiconductor Centre Ltd (CSC), which aims to accelerate the development and commercialization of compound semiconductor technologies in Europe, and to provide an anchor for the development of a compound semiconductor cluster. To establish the CSC, IQE contributed equipment worth £12m (matched by a £12m cash contribution from Cardiff University). IQE will also license certain intellectual property (IP) to the CSC.
"We set up the Cardiff Business Awards to really shine a light on these businesses and celebrate Cardiff as a great place to do business," comments Cardiff Business Awards founder Liz Brookes of Grapevine Event Management. "It was fantastic to be able to recognise and publicly reward the very deserving winners, and we look forward to seeing their businesses grow and develop."
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