IQE plc announced the signing of a multi-year agreement with Advanced Wireless Semiconductor Company ("AWSC"), for the supply of epiwafers for wireless applications. This three-year supply agreement covers epitaxial wafers spanning a range of AWSC's wireless products, including those which enable 4G and 5G mobile handsets and WiFi products. The agreement provides IQE with diversification opportunities into mass market power amplifier products.

IQE and AWSC will also partner in the design and development of solutions for next-generation wireless applications.