$IQE & $Tower Semicon(TSEM.US) enter a multi-year InP epiwafer supply agreement.
Do you understand how f*cking huge this is for IQE?-> IQE is being designed into the pluggable wave + next-gen modulator/OCS roadmap.-> Confirms IQE as a qualified, non-Chinese InP epiwafer source.-> Diversifies IQE's optical customer base beyond $Lumentum(LITE.US) / $Macom Tech(MTSI.US) to foundry in $Tower Semicon(TSEM.US). So multiple Tier-1 optical anchors.Quick fun fact: IQE sued Tower in 2022 for misappropriating trade secrets to obtain patents. So this Tower agreement lets IQE keep optionality on RF SOI type + engineered substrate/layer transfer applications without IP risk.And converts a former enemy into a customer - always a massive bullish signal that a company's products are critical.
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