II-VI Incorporated Signs Multiyear Agreement of Over $100M to Supply Silicon Carbide Substrates for RF Power Amplifiers in 5G Wireless
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI)
Last coherent corp. 6.00% series a mandatory convertible preferred stock earnings: 2/10 04:05 pm
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Source: GlobeNewswire
PITTSBURGH, Dec. 05, 2019 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and compound semiconductors, today announced that it signed a multiyear agreement of over $100M, the largest in the history of II-VI, to supply silicon carbide (SiC) substrates for gallium nitride (GaN) RF power amplifiers deployed in 5G wireless base stations. The accelerating rollout of 5G wireless services is driving deeper strategic relationships in the 5G wireless supply chain ecosystem to meet the market windows. This new agreement builds on II-VI’s extensive experience as a leading global supplier of high-quality SiC substrates for the 4G and 5G markets. “GaN-on-SiC RF power amplifiers have superior performance compared with devices based on GaN-on-silicon over a wide spectrum of 5G operating frequencies, from the low gigahertz range to millimeter-wave bands,” said Dr. Gary Ruland, Vice President, Wide Bandgap Semiconductors Business Unit. “Customers forge
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