IQE plc ( (GB:IQE) ) has shared an update.
IQE plc has announced securing $5.8 million in purchase orders from two long-standing infrared sensing customers, marking the largest orders received from these clients to date. This development highlights the growing demand for advanced infrared technologies and reinforces IQE’s strong position in the IR sensing market, supporting its 2025 financial plans and showcasing its innovation in antimonide materials technology.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and material solutions, serving a diverse range of applications such as smart connected devices, communications infrastructure, automotive and industrial, 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 its intellectual property portfolio to enable innovation at the chip and OEM level.
YTD Price Performance: 14.41%
Average Trading Volume: 2,822,413
Technical Sentiment Signal: Buy
Current Market Cap: £122.8M
For a thorough assessment of IQE stock, go to TipRanks’ Stock Analysis page.