Adjusted EBITDA Improvement
Adjusted EBITDA improved significantly from £4.3 million to £8.2 million, reflecting decisive cost actions and increased efficiencies.
Wireless Revenue Growth
Wireless segment revenue increased by 25% to £67.3 million, driven by increased penetration into the Asian market and the Android ecosystem, as well as an increase in GaN sales for 5G infrastructure.
Strategic Partnerships and Product Development
IQE launched a joint development agreement with X-FAB for GaN power in Europe and continued development in MicroLED and Quantum Dot Laser foundry services, strengthening its position in emerging technologies.