IQE plc signs InP supply deal with Tower Semiconductor

IQE plc, a semiconductor materials supplier, entered a new partnership with Tower Semiconductor. The agreement covers the supply of indium phosphide (InP) wafers. Tower Semiconductor will integrate the wafers into its photonics products. The deal supports growth in high‑speed optics and 5G applications. Both companies cite rising market demand for advanced InP solutions. Production capacity is expected to scale under the agreement. Analysts anticipate a positive impact on IQE's revenue outlook. The partnership will be reflected in upcoming quarterly reports.