IQE’s reduced guidance for FY19 revenues of £136–142m (vs £140–160m previously) reflects primarily the greater than anticipated disruption to its major US wireless customers as a result of the US/China trade war. There is good evidence to support a recovery in the medium term: the qualification of products and tools in the Asian supply chain for both 3D sensing and wireless RF is encouraging, while exposure to 5G remains attractive. However, the timing of a recov
19 Nov 2019
IQE - Continued impact from supply chain disruption
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IQE - Continued impact from supply chain disruption
IQE plc (IQE:LON) | 28.6 -0.3 (-4.0%) | Mkt Cap: 275.5m
- Published:
19 Nov 2019 -
Author:
Anne Margaret Crow -
Pages:
5
IQE’s reduced guidance for FY19 revenues of £136–142m (vs £140–160m previously) reflects primarily the greater than anticipated disruption to its major US wireless customers as a result of the US/China trade war. There is good evidence to support a recovery in the medium term: the qualification of products and tools in the Asian supply chain for both 3D sensing and wireless RF is encouraging, while exposure to 5G remains attractive. However, the timing of a recov