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Share Price: 28.95

Bid: 28.90

Ask: 29.10

Change: 0.50 (1.76%)

Spread: 0.20 (0.692%)

Open: 29.00

High: 30.25

Low: 28.40

Prev. Close: 28.45

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IN BRIEF: IQE North Carolina site approved for wafer manufacture

Mon, 08th Jan 2024 11:42

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."

Current stock price: 20.68 pence, down 1.1%

12-month change: down 61%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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