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IQE’s annual revenue falls 31.2% in 2023, impacted by excess inventory

What happened

IQE plc reported full-year 2023 revenue of £115.25m, a 31.2% decline from 2022's £167.5m. The company cited excess inventory in the supply chain and weak end-market demand as primary causes for the significant revenue drop. Bearish: This signals continued soft demand and inventory digestion pressure for upstream semiconductor materials, potentially suppressing spot prices and order volumes.

Impact and signal

Medium impactImpact score: 58/100

Affected components and suppliers

epiwafersemiconductor substrate

IQE plc

inventory-glutdemand-weaknessrevenue-decline

Source and time

Source: Semiconductor Today · 4/25/2024 · View original source

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IQE’s annual revenue falls 31.2% in 2023, impacted by excess inventory

What happened

Impact and signal

Affected components and suppliers

Source and time

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