IC on-line comment today.20 Mar 2018 21:35
IQE�s (IQE) annual results reveal the extent to which the group has benefitted from the use of photonics (laser enabled communications hardware) in the mass market. The group reported double digit revenue growth thanks to demand for its specialist photonics components. But questions remain regarding the diversification in IQE�s portfolio. Sure, it makes money from several different technologies, but revenue growth hasn�t been particularly impressive in anything but the photonics division. Meanwhile, product investment stunted operating profits.
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