As flagged in the June trading update, IQE’s H119 performance was affected by wireless customers cutting back inventory levels in response to lengthening mobile phone replacement cycles and the ongoing trade war between the US and China. Encouraged by the successful qualification, commencement of initial production and receipt of additional orders of wireless products destined for Asian supply chains, as well as the commencement of initial vertical cavity surface emitting laser (VCSEL)
03 Sep 2019
IQE - Adjusting to supply chain shifts
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IQE - Adjusting to supply chain shifts
IQE plc (IQE:LON) | 21.4 -0.1 (-1.2%) | Mkt Cap: 206.0m
- Published:
03 Sep 2019 -
Author:
Anne Margaret Crow -
Pages:
6
As flagged in the June trading update, IQE’s H119 performance was affected by wireless customers cutting back inventory levels in response to lengthening mobile phone replacement cycles and the ongoing trade war between the US and China. Encouraged by the successful qualification, commencement of initial production and receipt of additional orders of wireless products destined for Asian supply chains, as well as the commencement of initial vertical cavity surface emitting laser (VCSEL)