30 Dec '17, 6pm

IQE's revenue grows 18% year-on-year in first-half 2016

IQE's revenue grows 18% year-on-year in first-half 2016 For first-half 2016, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has reported revenue of £63m, up 18% on £53.2m in first-half 2015 (above the "at least 15% growth" given in a trading update in late July), reflecting increasing revenues in all markets. Wireless sales were £43.2m, up 7% on £40.5m in first-half 2015. However, Wireless has fallen from 76% of total revenue in first-half 2015 to 69% in first-half 2016 as, continuing the firm's diversification, non-wireless sales have risen from 24% of revenue in first-half 2015 to 31% in first-half 2016. In particular, Photonics sales continued to see strong double-digit growth to £10.7m, up 45% on £7.4m in first-half 2015 (rising from 14% to 17% of total revenue in first-half 2016). Infrared sales were £4.7m (7.5% of revenue), up slightly on £4.6m in...

Full article: http://www.semiconductor-today.com/news_items/2016/sep/iq...

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