IQE plc (GB:IQE) has released an update.
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IQE plc, a global leader in semiconductor wafer products, anticipates flat revenue for 2024 amid sluggish market recovery, but remains optimistic about future growth. The company is conducting a strategic review of its assets and exploring options, including the potential IPO or sale of its Taiwan operations, to strengthen its capital base. Additionally, IQE is negotiating short-term financing with Lombard Odier to navigate current market challenges.
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