IQE rockets after securing new manufacturing plant in US

IQE, the Cardiff-based supplier of semiconductor wafers, has agreed to takeover the in-house manufacturing facilities of American firm RF Micro Devices (RFMD).

IQE, the Cardiff-based supplier of semiconductor wafers, has agreed to takeover the in-house manufacturing facilities of American firm RF Micro Devices (RFMD).

The deal produced a big boost in IQE's share price on Wednesday; by 08:42 the stock had risen 15.8%.

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