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IQE plc ( (GB:IQE) ) just unveiled an update.
IQE plc has strengthened its partnership with Quintessent Inc. to establish the first large-scale quantum dot laser and semiconductor optical amplifier epitaxial wafer supply chain, supported by an initial $0.5 million order. This collaboration is pivotal in addressing the increasing demand for efficient optical interconnects in AI applications, as traditional laser technologies struggle to meet these needs. The partnership leverages a decade-long collaboration and research breakthroughs to advance the production of high-performance lasers, positioning both companies as leaders in AI-driven optical connectivity solutions.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and materials solutions, catering to various sectors including smart connected devices, communications infrastructure, automotive and industrial, and aerospace and security. With a strong presence in the UK, US, and Taiwan, IQE is positioned uniquely in the epitaxy wafer manufacturing market, providing high-quality products with superior yield and unit economics.
YTD Price Performance: 15.50%
Average Trading Volume: 3,872,193
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £124M
See more insights into IQE stock on TipRanks’ Stock Analysis page.
