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IQE plc ( (GB:IQE) ) just unveiled an update.
IQE plc announced that all resolutions were passed at its General Meeting held in London, with significant support for both ordinary and special resolutions. The resolutions empower the directors to allot shares and issue equity securities, reflecting strong shareholder confidence and potentially enhancing the company’s financial flexibility. This development could strengthen IQE’s market position and operational capabilities, aligning with its strategic goals in the semiconductor industry.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and material solutions, catering to a diverse range of applications including smart connected devices, communications infrastructure, automotive and industrial, as well as aerospace and security. 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 superior quality epitaxy wafers, leveraging a robust intellectual property portfolio.
YTD Price Performance: 19.28%
Average Trading Volume: 2,797,312
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £128.1M
Learn more about IQE stock on TipRanks’ Stock Analysis page.