Wafer maker IQE confirms strong sales growth in 1H24
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By
Peter Clarke
Compound semiconductor wafer supplier IQE plc (Cardiff, Wales) has said its 1H24 sales are expected to be at least £65 million, up at least 25 percent on 1H23.
Via a trading update the company said the annual revenue growth is in-line with management expectations and would likely be up 3 percent from 2H23.
“I am pleased with the performance we have delivered for H1, in an industry which will remain in recovery throughout 2024. As markets correct at varying paces, we remain confident in our diversification strategy which will enable us to take advantage of the growth opportunities ahead,” said Americo Lemos, CEO of IQE, in the statement.
IQE is scheduled to report its interim results on 10 September 2024.
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