Investors Chronicle is beginning to warm to us.24 Jul 2019 14:01
TODAY - ONLINE
IQE (IQE) shares rose 10 per cent in morning trading following significant gains yesterday, as the semiconductor technology specialist announced the start of Vertical Cavity Surface Emitting Lasers (VCSEL) production for the Android supply chains, with several more in “advanced stages of qualification”. IQE has signed a contract extension with one of its largest VCSEL customers, prolonging the current contract until the end of 2021. Two other existing contracts have also been extended with several other new contracts in final negotiations, the company says. The company has made encouraging progress of late, but with muted handset demand and trading uncertainties we remain sellers for now.