9th Mar 2023 11:49
IQE PLC - Cardiff, Wales-based compound semiconductor wafer product supplier - Says expectations for 2022 remain in-line with the update provided on January 16. However, notes that it has seen an acceleration of the trends anticipated in that update, with weaker demanding leading to inventory build-up throughout the supply chain. Consequently, the reduction in customer orders and forecasts is expected to result in a year-on-year decline of GBP30 million in revenue for the first half of 2023. Revenue in the first half of 2022 was GBP86.2 million. Read More
