IQE’s first-half revenue down about 40% year-on-year

What happened

IQE plc reported H1 2023 revenue of £52m, a 39.7% year-on-year decline, which fell within its previously revised guidance. The significant drop reflects continued soft demand in its end markets, particularly for wireless and photonics applications. 利空: This signals sustained weakness in demand for epitaxial wafers and substrates, a bearish indicator for spot prices and near-term trading volumes in these materials.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 9/25/2023 · View original source