portfolio

sector

location

Bethlehem, PA

status

About

Advanced semiconductor wafer products.

Story

Sole investor in the first and only institutional round in 1987 when Quantum Epitaxial Designs (QED) was a start-up. QED merged with Cardiff, Wales, based Epitaxial Products International to become IQE Plc., and today generates over $200 million in annual revenues. It is the world leader in providing advanced semiconductor materials and has operations on a global scale.

One of Activate’s senior partners was part of our journey from day one through our merger-of-equals which established Quantum Epitaxial and IQE plc as the world’s leading supplier of advanced wafer products and material solutions to the semiconductor industry. Our Activate partner was a valued Board member who helped us with strategic planning, arranging expansion financing, negotiating our merger, and completing our successful listing as a publicly held company. From startup to public company, we had a true partner every step of the way and would never have gone all the way without their help.

Tom Hierl

IQE