US IQE acquires British GaN manufacturer NanoGaN

According to foreign media reports, IQE, a leading manufacturer of epitaxial wafers and substrates for the optoelectronics, solar and LED lighting markets, recently announced the acquisition of a UK-based GaN technology. The startup NanoGaN.

The transaction amounted to 3.6 million pounds (about 5.76 million US dollars), mainly due to the patented technology applied by NanoGaN. The initial £400,000 will be paid by issuing shares and cash, and the remaining amount of IQE will have the right to choose stocks or cash to pay.

NanoGaN currently has a range of processes and key intellectual property (IP) related to GaN materials and devices, including "Nanocolumn Technology" for the production of GaN substrates. These technologies are critical for the production of blue and green semiconductor lasers and ultra-high brightness LEDs for solid state lighting.

    IQE will assist NanoGaN in the commercialization of the final product, and finally introduce this technology into its factory for mass production. It is expected to start selling in 2010.

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