May 9, 2021

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

IQE’s revenue grows 27% to a record £178m in 2020

For full-year 2020, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has reported record revenue of £178m (exceeding both September’s initial guidance of “at least £165m” and November’s revised guidance of “at least £170m”). Compared with 2019’s £140m, this is up 27.1% (or 27.5% on a constant-currency basis, taking into account a US$/£ foreign exchange headwind of £0.5m). Growth was driven by the start of the 5G mega-cycle, says the firm…