ESTnet Member News

ESTnet Premier Member IQE Expected to Post Record Revenue

In trading update to the London Stock Exchange on 21 January Cardiff headquartered IQE,  the leading global supplier of advanced wafer products and wafer services to the semiconductor industry, said the second half of 2013 is expected to show sequential growth.

This it said was despite "weak guidance" for Q4 2013 and Q1 2014 from a number of IQE's wireless customers, and a significantly strengthening sterling/dollar exchange rate.

As a result,  IQE revenues for the full year 2013 is expected to be at least £126m (2012: £88m) - representing a new record and an increase of over 43% compared with the prior year.