IQE signs IT transformation agreement with Critical Manufacturing

IQE signs IT transformation agreement with Critical Manufacturing

LONDON, UK: IQE plc, the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, has entered into a multi-year strategic IT transformation agreement with Critical Manufacturing to support the future growth.

IQE has engaged Critical Manufacturing to deliver a Manufacturing Execution System (MES) which will:

· Enable IQE to continue providing world-leading wafer quality as the Group scales operations;

· Increase agility and responsiveness to customers to ensure IQE continues to be the partner of choice in advanced semiconductor materials; and

· Create consistency in global operations to maximise production flexibility and efficiency

The MES implementation is part of a broader systems and process transformation of the Group, in support of enabling IQE’s growth. Legacy platforms will be replaced with automated systems to drive manufacturing efficiencies and standardisation at all global sites, enabling economies of scale and improving profitability. Critical Manufacturing will deliver the MES transformation from Q4 2021 to 2024.

Keith Anderson, Chief Operating Officer of IQE, commented: “As part of the ongoing transformation of our IT systems and business processes, IQE has chosen Critical Manufacturing as the Group’s long-term strategic partner. Together we will deliver a manufacturing platform which is robust, scalable and adaptable. This new system will provide the foundation to efficiently scale our manufacturing capabilities, provide state-of-the-art support to our operations teams and enable a world-class service for our customers”.

Critical Manufacturing, a subsidiary of ASM Pacific Technology, provides the most modern, flexible and configurable manufacturing execution system (MES) available. Critical Manufacturing MES helps manufacturers stay ahead of stringent product traceability and compliance requirements; reduce risk with inherent closed-loop quality; integrate seamlessly with enterprise systems and factory automation, and provide deep intelligence and visibility of global production operations. www.criticalmanufacturing.com

IQE plc share price

43.55 GBX−0.45 (1.02%)today

11 Oct, 5:05 pm GMT+1 ·Disclaimer

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