IQE breaks million pound order barrier
IQE, the supplier of semiconductor wafer products and services, said it had received its first single order valued at more than one million pounds.
IQE, the supplier of semiconductor wafer products and services, said it had received its first single order valued at more than one million pounds.
This order for the advanced laser wafers, which enable a new generation of fibre-optic communications devices, is to be delivered during the first half of 2013 with further significant follow-on orders expected.
This would be driven by strong demand in China for datacentre applications and infrastructure build out, the firm said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The wafers will be produced at IQE's Cardiff manufacturing facility utilising its state-of-the-art 100mm InP platforms.
Dr Drew Nelson, President and Chief Executive of IQE, said the firm had established a clear leadership position in the design and supply of advanced semiconductor wafers for a wide range of optoelectronic applications.
"This latest order for a new range of low-cost, high-performance optical fibre components marks a key milestone in the adoption of optical interconnects for a range of high volume applications," he said.
MM
-
Should you sell in May this year?
The market adage looks unlikely to apply in 2024, and global equities are proving resilient
By Max King Published
-
Should you invest in UK equities?
The FTSE 100 hit a record high this week, but UK equities remain unloved and undervalued compared to their global and US peers. Should you snap them up at a discount?
By Katie Williams Published