IQE plc (GB:IQE) has released an update.
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IQE plc, a leading global supplier of advanced semiconductor wafers, has announced a promising pre-close trading update, with a revenue increase of at least 25% year-on-year to £65 million for the first half of 2024, aligning with management’s expectations. The company’s CEO, Americo Lemos, expresses confidence in the diversification strategy and the potential for growth as the industry recovers throughout the year.
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