Two of the UK’s biggest listed semiconductor firms saw their shares rise today after striking fresh multi-million pound deals.
EnSilica shares rose the fastest, up as much as 5% in early London trade, as the Oxford-based business unveiled a multimillion-pound design and manufacturing services contract with what it described as “a well-funded pioneering optical computing systems company.”
It said the contract “includes substantial design services engagement and additional manufacturing services”.
EnSilica added that the deal stems from its strengthened relationships with key wafer foundry and semiconductor supply chain partners, adding that due to the increased demand, the firm has opened a second design centre in Campinas, São Paulo State, Brazil.
CEO Ian Lankshear said the contract “underscores our capabilities in delivering comprehensive design and manufacturing services but also highlights the growing demand for European-based supply chains.”
Meanwhile, shares in IQE rose as much as 2.5% after the Cardiff-based business announced that it has secured $5.8m in purchase orders for the provision of epitaxial wafers and base substrates from two long-standing infrared (IR) sensing customers.
IQE said the deals, which are the largest purchase orders to date that the firm has received from these two customers, will enable a wide range of IR detector technologies and key sensing applications across the industrial, aerospace and security sectors.
Jutta Meier, Interim CEO and Chief Financial Officer, said: “These commitments underscore a growing demand for advanced infrared technologies and the strength of IQE’s IR product portfolio.”
IQE shares have risen as much as 18% since the start of the year.
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