IQE plc (GB:IQE) has released an update.
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IQE plc has completed the sale of its decommissioned site in Bethlehem, Pennsylvania, as part of its global consolidation strategy. This move will bring in $5.5 million by the end of 2024 and allows the company to focus on its North Carolina facility, enhancing its capabilities in advanced sensing and optical communications. Supported by local government funding, this consolidation is expected to strengthen IQE’s position in the semiconductor market.
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