IQE: UK's IQE Swings to First-Half Profit and Sees More AI Data Centre Upside

IQE: UK's IQE swings to first-half profit and sees more AI data centre upside

British chip maker IQE reported a first-half profit, supported by strong AI demand. The company maintained its annual outlook, exceeding earlier expectations. IQE plans to move its shares to London's main market by 2027. Increased demand for indium phosphide will lead to manufacturing capacity expansion. Long-term agreements with key customers are strengthening IQE's revenue base.

IQE revenue rises 43% as AI demand boosts semiconductor materials

IQE reported a 43% rise in first-half revenue to £64.6 million, helped by demand for AI infrastructure, wireless products and defense applications. The semiconductor-materials supplier still recorded a £12.6 million pretax loss.

UK's IQE posts half-year profit on AI infrastructure demand

IQE expands capacity as semiconductor demand rises

IQE reports strong growth as compound semiconductor demand accelerates globally. First-half revenue rose 43%, while the manufacturer is converting existing equipment to increase indium-phosphide capacity for AI and data-centre applications.

IQE swings to EBITDA profit on AI and defence demand, plans Main Market move

IQE enjoyed a sharp rise in revenue and a swing back to underlying profitability in the first half of the year, driven by demand from AI data centres and defence. It also said it planned to move its listing to London’s Main Market and looks set to join the long list of companies preparing to […]

UK’s IQE posts half-year profit on AI infrastructure demand

Sept 7 : British chip components maker IQE Plc posted a half-yearly core profit on Monday, compared to a year-ago loss, helped by strong demand from AI infrastructure and data centre and defence customers. After a slowdown in the electronics market and disruption linked to U.S. tariffs, Wales-based IQE is benefiting from a boom in […]