2023: IQE, a UK semiconductor wafer supplier, experienced a 31% revenue drop to £115.3m due to inventory issues and delayed 5G infrastructure deployment.
IQE, a UK semiconductor wafer supplier, reported a 31% revenue drop to £115.3m in 2023 due to inventory issues and delayed 5G infrastructure deployment. Despite this, the company maintained a positive EBITDA margin and expanded its partnership with AWSC. IQE anticipates recovery in the semiconductor market, with new customer wins in power electronics and automotive sectors due to investment in GaN capacity.
April 10, 2024
3 Articles