IQE announced at midday yesterday that it had successfully renegotiated its long-term supply contract with its premier Tier 1 customer, for the supply of wafer products used in wireless applications. The group estimates that the contract will contribute more than $55m of revenue during FY’16. The renewal of this contract is not a surprise given IQE’s market share in Wireless and strong customer relationships, but we view the expected size of the contract in FY’16 as a positive, given recent Wire ....
12 Jan 2016
Major Wireless customer renewal underpins FY’16 forecasts
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Major Wireless customer renewal underpins FY’16 forecasts
IQE plc (IQE:LON) | 26.6 0 0.6% | Mkt Cap: 256.0m
- Published:
12 Jan 2016 -
Author:
Oliver Knott -
Pages:
3
IQE announced at midday yesterday that it had successfully renegotiated its long-term supply contract with its premier Tier 1 customer, for the supply of wafer products used in wireless applications. The group estimates that the contract will contribute more than $55m of revenue during FY’16. The renewal of this contract is not a surprise given IQE’s market share in Wireless and strong customer relationships, but we view the expected size of the contract in FY’16 as a positive, given recent Wire ....