NuAxiSemiconductor trade intelligence
IQE expects first-half 2023 revenue of at least £52m
What happened
IQE plc expects H1 2023 revenue of at least £52m, in line with its previously lowered guidance. This represents a significant decline from £86.2m in H1 2022, reflecting continued soft demand in key end markets. Bearish: The confirmation of a ~40% year-over-year revenue drop signals sustained weakness in demand for epiwafers, a negative indicator for upstream substrate pricing pressure.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
epiwaferssemiconductor substrates
IQE plc
earningsrevenue-declinedemand-weakness
Source and time
Source: Semiconductor Today · 7/26/2023 · View original source
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