Trading update
IQE plc
(“IQE” or the “Company”)
12 November 2018
IQE plc issues this trading update in response to reports made by a major chip company in the VCSEL supply chain on 12th November 2018 that they had received notice from one of their largest customers for 3D sensing laser diodes to materially reduce shipments for the current quarter.
The Company is currently assessing the impact of this news but at this stage, it expects there will be a material reduction in its financial performance in the current year.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Contacts:
| IQE plc Godfrey Ainsworth Drew Nelson Chris Meadows | +44 (0) 29 2083 9400 |
| Canaccord Genuity Simon Bridges Richard Andrews | + 44 (0) 20 7523 8000 |
| Peel Hunt Edward Knight Nick Prowting | +44 (0) 20 7418 8900 |
NOTE TO EDITORS
IQE is the leading global supplier of advanced semiconductor wafers that enable a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers.
IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor wafers 'epi-wafers' to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms.
IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as smartphones and wireless infrastructure, Wi-Fi, base stations, and satellite communications; optical communications, optical storage, printing, thermal imagers, leading-edge medical technologies, automotive and aerospace technologies, a variety of advanced silicon based systems and high efficiency concentrator photovoltaic (CPV) solar cells.
IQE operates multiple manufacturing and R&D facilities worldwide.
