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Share Price: 30.75

Bid: 30.80

Ask: 31.05

Change: 1.80 (6.22%)

Spread: 0.25 (0.812%)

Open: 30.00

High: 31.00

Low: 28.95

Prev. Close: 28.95

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IN BRIEF: IQE enters strategic technology partnership with Porotech

Tue, 10th May 2022 14:38

IQE PLC - Cardiff, Wales-based semiconductor wafer products - Enters strategic partnership with Porotech, which specialises in microLED and semiconductor technology. Porotech is the trading name for Cambridge, England-based Poro Technologies Ltd. "The focus of the partnership is to develop, scale and commercialise Porotech's unique wafer technology," IQE explains. The firms aim for ultra-high-density microLEDs which can be used in "wearable devices, smart displays and large-scale direct view displays," IQE adds. "We believe the microLED market presents a significant opportunity for our business," says IQE Chief Executive Officer Americo Lemos.

Current stock price: 28.80 pence, up 2.0% on Tuesday

12-month change: down 50%

By Tom Budszus; tombudszus@alliancenews.com

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IN BRIEF: IQE enters strategic technology partnership with Porotech

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