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IQE plc ( (GB:IQE) ) has shared an update.
IQE plc and Quinas Technology have completed a £1.1 million project funded by Innovate UK to develop a scalable production method for ULTRARAM™, the world’s first quantum-powered universal memory. This project marks a significant step towards commercial production, with IQE achieving a world-first in scalable epitaxy for memory devices. ULTRARAM™ combines the non-volatility of flash memory with the speed and endurance of DRAM, offering improved energy efficiency. The project supports the UK Government’s semiconductor strategy, positioning the UK as a leader in next-generation memory innovation, with potential applications in AI, quantum computing, space, and defense.
The most recent analyst rating on (GB:IQE) stock is a Buy with a £0.45 price target. To see the full list of analyst forecasts on IQE plc stock, see the GB:IQE Stock Forecast page.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and materials solutions, enabling a diverse range of applications across smart connected devices, communications infrastructure, automotive and industrial, and aerospace and security sectors. The company is headquartered in Cardiff, UK, and operates manufacturing locations in the UK, US, and Taiwan. IQE is listed on the AIM Stock Exchange in London and is known for its high-quality epitaxy wafers, leveraging its intellectual property portfolio to support innovation at the chip and OEM level.
Average Trading Volume: 3,153,999
Technical Sentiment Signal: Sell
Current Market Cap: £99.65M
For an in-depth examination of IQE stock, go to TipRanks’ Overview page.