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Pin to quick picksIQE Share News (IQE)

Share Price Information for IQE (IQE)

London Stock Exchange
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Share Price: 28.30
Bid: 28.05
Ask: 28.50
Change: 0.90 (3.28%)
Spread: 0.45 (1.604%)
Open: 27.05
High: 28.30
Low: 27.05
Prev. Close: 27.40
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AIM WINNERS & LOSERS: IQE makes new epiwafers; Ilika sees sales delay

Wed, 11th May 2022 11:20

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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IQE PLC, up 10% at 31.57 pence, 12-month range 28.25p-55.00p. Notes first commercially available 200 millimetre VCSEL epiwafer, which is based on company's patented 200mm technology for wireless and photonics compound semiconductor applications. "IQE is leading the compound semiconductor industry in the development of 200mm epiwafers for wireless, sensing and display markets," it says. "IQE's 200mm epiwafers will enable a step-change in unit economics for compound semiconductors, leading to the expansion of the market for IQE. The increase in wafer size will expand to new foundry partnerships, including Silicon-based foundries." Chief Executive Americo Lemos says this is a "critical milestone".

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AIM - LOSERS

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Ilika PLC, down 21% at 75.00 pence, 12-month range 74.66p-220.48p. Trading in the financial year that ended April 30 was in line with management expectations but issues warning for 2023. Revenue in recent year estimated to be down to GBP500,000 from GBP2.3 million the year prior. Expects to report annual earnings before interest, taxes, depreciation, and amortization loss of GBP7.0 million versus earnings of GBP2.3 million in financial 2021. Looking ahead, notes its Stereax manufacturing site for miniature solid-state batteries is "taking longer than previously anticipated" to produce product batches that meet specification. Adds: "The shift in the weighting of customer demand towards medical device applications combined with the expectation of optimisation cycles continuing into H2 FY23, means the company now expects commercial sales to commence at the end of that period, later than originally anticipated."

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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UK earnings, trading statements calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Mar 2024 08:51

IQE boosts product portfolio towards artificial intelligence demands

(Alliance News) - IQE announced on Tuesday that it had strengthened its portfolio with a range of new products.

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16 Jan 2024 10:56

IQE revenue in line with guidance; poaches Intel's Jutta Meier as CFO

(Alliance News) - IQE PLC on Tuesday said 2023 revenue is in line with guidance and announced the appointment of Intel Corp's Jutta Meier as its new chief financial officer.

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16 Jan 2024 10:23

IQE FY revenues surge on strong H2 performance

(Sharecast News) - Semiconductor company IQE said on Tuesday that full-year sales had surged in 2023, driven by a strong second-half performance.

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IQE appoints new vice president of government affairs

(Sharecast News) - Semiconductor wafer company IQE announced the appointment of Rina Pal-Goetzen as its vice president of government affairs on Tuesday.

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IN BRIEF: IQE North Carolina site approved for wafer manufacture

IQE PLC - Cardiff, Wales-based supplier of compound semiconductor wafer products - Says its site in North Carolina, US, has been approved by technology partner Raytheon to produce epitaxial wafers for use in advanced infrared sensing and imaging. Chief Executive Officer Americo Lemos says: "IQE is a market-leading global player in the supply of compound semiconductors to the aerospace and security industries. Having received a Raytheon Premier Supplier Excellence award, this qualification demonstrates the continued confidence that Raytheon has in IQE. We are proud to be a strategic partner, ensuring the volume production of sensor and imaging materials made in the USA for a resilient supply chain. We look forward to continuing our long-term partnership for years to come."

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8 Jan 2024 08:20

IQE's North Carolina site gets Raytheon seal of approval

(Sharecast News) - Semiconductor wafer and materials specialist IQE announced on Monday that Raytheon has officially qualified its North Carolina site to produce epitaxial wafers intended for advanced infrared sensing and imaging applications.

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11 Dec 2023 14:30

IQE extends Cardiff University partnership on compound semiconductors

(Alliance News) - IQE PLC on Monday said it extended its long-term partnership with Cardiff University to research capacity in compound semiconductor technologies.

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11 Dec 2023 09:29

IQE extends partnernship with Cardiff University

(Sharecast News) - Semiconductor group IQE revealed on Monday that it has extended its partnership with Cardiff University.

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Director dealings: IQE CEO raises stake

(Sharecast News) - IQE revealed on Friday that chief executive Americo Lemos had acquired 1.36m ordinary shares in the AIM-listed compound semiconductor wafer products supplier.

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10 Nov 2023 08:55

IN BRIEF: IQE CEO Americo Lemos raises stake to 1.0%

IQE PLC - Cardiff, Wales-based supplier of compound semiconductor wafer products - Chief Executive Officer Americo Lemos buys 1.4 million shares at 17.15 pence, worth GBP234,443, on Thursday. Lemos now has 9.8 million shares, a 1.0% stake.

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