15 Sep 2015 06:49
(ShareCast News) - Semiconductor wafer maker IQE said 2% revenue growth in the first half of the year was driven by strong revenue growth in its wireless market. Revenues rose 2% to £53.2m and adjusted operating profit increased 5% to £6.7m, while the AIM-listed group managed to reduce its borrowing
Read moreShares in semiconductor supplier IQE were up following news the company would form a joint venture with Cardiff University. At 1011 BST on Thursday shares in IQE had lifted by 2.33% to 22p. Under the arrangement, IQE would contribute equipment with a market value of £12m, to be matched by a £12m ca
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