IQE, Inc., a global semiconductor manufacturer, will expand in Guilford County, signaling its ongoing commitment to future investment in the region, subject to customer commitments and funding from the federal CHIPS Act. The company plans to add 109 jobs and invest $305 million over several years to expand its manufacturing facility for next generation compound semiconductor material in the City of Greensboro.
IQE, Inc. is the United States subsidiary of IQE, PLC. Operating in Greensboro for more than a decade and with 72 employees, IQE manufactures epi wafers using molecular beam epitaxy for the defense and aerospace industries. This potential investment would add a new, complementary epitaxy called metal-organic chemical vapor deposition (MOCVD) and would provide a new clean technology for semiconductor chip production to help serve the electric vehicle market.
“Greensboro has proven to be a strategic location for IQE and has provided access to exceptional talent,” said Jutta Meier, Interim CEO of IQE. “We look forward to continuing our partnership with the city as we progress further with our application for Government funding via the CHIPS Act, which along with funding commitments from the State, will provide us with the capital to invest and expand our local footprint.”
IQE Plans to Expand Greensboro Operation for Next Generation Compound Semiconductor Materials