Cardiff, UK: IQE plc (AIM: IQE; "IQE", the "Group"), the leading supplier of advanced wafer products and material solutions to the semiconductor industry, has joined a new consortium, HIPERION, which has been awarded €10.6 million in funding by the European Union. This grant will aid in establishing a pilot assembly line to bring breakthrough photovoltaic technology, designed by Swiss startup Insolight, closer to market. HIPERION was set up by a 16-member consortium of research organizations and leading industry partners and is being coordinated by CSEM. It will ultimately strengthen the competitiveness of the EU’s solar power industry in the high performance segment.