NuAxiSemiconductor trade intelligence
IQE expects first-half revenue growth of 25% year-on-year to £65m
What happened
IQE plc expects H1 2024 revenue of at least £65m, representing a year-on-year increase of at least 25%. This growth is attributed to strong demand for its epiwafer and substrate products, which are critical inputs for compound semiconductors. Bullish: The significant revenue beat signals robust underlying demand for specialty wafers, potentially tightening supply for traders in the compound semiconductor supply chain.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
epiwaferssemiconductor substrates
IQE plc
revenue-growthearnings-beatfoundry-services
Source and time
Source: Semiconductor Today · 7/23/2024 · View original source
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