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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Iqe Plc | IQE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 1.88% | 27.10 | 10:06:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 27.10 | 25.95 | 27.10 | 26.60 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 03/4/2024 18:46 by a13878713 IQE plcCardiff, UK3 April 2024Notice of Full Year ResultsIQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, announces it will report results for the financial year ended 31 December 2023 on 10 April 2024.IQE's management will present the results via webcast at 9:00am the same day. |
Posted at 03/4/2024 11:57 by bbonsall Extract from Nov 2022 announcementAWSC, a leader in the field of compound semiconductor wafer fabrication, has been a partner of IQE for over twenty years. This three-year supply agreement covers epitaxial wafers spanning a range of AWSC’s wireless products, including those which enable 4G and 5G mobile handsets and WiFi products. The agreement provides IQE with diversification opportunities into mass market power amplifier products. IQE and AWSC will also partner in the design and development of solutions for next-generation wireless applications. Americo Lemos, Chief Executive Officer of IQE, commented: “This strategic partnership agreement, our first with AWSC, represents IQE’s new approach to business. AWSC and IQE are building upon our longstanding relationship to accelerate innovation by bringing new solutions to serve the growing markets of smart connected devices and automotive. We are very excited about the great opportunities ahead of us in the market.” Eric Huang, President of AWSC, commented: “At AWSC, we continuously work on process improvement and new technology development to meet our customers’ requirements. Our partnership with IQE enables us to create leading-edge solutions and to transition them seamlessly to volume production. We are happy to extend and expand our relationship with IQE.” |
Posted at 21/3/2024 00:16 by guildedge This appears to be to shift production away from China. Not sure what IQE have business wise with Intel. One of IQE recent hires was from Intel.IQE progress on GAN last year. May 2023 Of course Intel is 300mm No one has ever suggested Intel is one of IQE's customers. Silicon and GAN do go hand in hand these days. Doubt Intel will do this overnight. Factories still to be built. I think IQE would announce a major contract as I can't see Intel doing small orders. As for the monies I doubt IQE would see a penny as it's for the new factories and Intel planning 100bn investment anyway. So small beers for Intel. If Intel wanted IQE tech they would of bought them out cheaply. 200m to Intel is nothing. In terms of announcements this month think TU is best we can expect. |
Posted at 13/3/2024 13:26 by provonar Further news from the Micledi/Global Foundries microLED supply chain:So, the technology continues to mature - this next step is to develop the circuit needed to control the microLED emitters in the display to then produce a display module that can be commercialised. So, this is still a mid-term development, but it's encouraging to see statements that this is reckoned to be the most advanced project for scale commercialisation of microLED displays. Considering the recent bad news from the AMS-Osram & Apple cooperation collapsing (it's bad from the perspective that everyone will take a second look at whether microLEDs are worth the investment and thus may have a cooling effect on the overall industry development timeline), it's good to see development marching forward in the separate supply chain that definitely includes IQE. It's interesting what is said about 300mm GaN production. As far as I can see, IQE only covers 150mm & 200mm III-V (GaN) epitaxy production - but this is similar to most other III-V epitaxy fabs. There is a recent charge on IQE for the transfer and commitment to pay for two (of three) tools from Aixtron, see the 22.2.2024 entry: These AIX G5+C MOCVD tools ( only have cradles for 150mm & 200mm wafers. Looking through the other Aixtron tools on offer, it looks like none of the commercial machines go higher than 200mm at present. Maybe some other tool supplier is already looking at 300mm tools for research applications. So, difficult to know where Micledi's confidence in 300mm production is coming from - perhaps it's sales talk to reinforce the fact that their microLED production is ready for large volumes and therefore will be affordable for OEMs, but hopefully it indicates that this milestone is within reach in the mid-term (which would mean IQE would have to purchase 300mm tools at some point...). However, I expect, just like for VCSELs, the first commercial ramps will be on 150mm or 200mm wafers - so the recent purchase of tools by IQE will still be important plant for the near term. Step-by-step progress, but it's difficult to see where any significant new orders will come in 2024. There's the sliver of a chance that Apple will switch microLED suppliers in favour of IQE's supply chain, but I expect Micledi/GF would already be in talks with other OEMs about the production for AR applications. However, the ASIC design that Micledi is doing could take anywhere from 1-4 years to complete development and qualification... |
Posted at 02/3/2024 15:43 by guildedge The key thing here is taking events relative to IQE current situation. From reading other posts Micro LED was not a major part of the 3x revenue. Maybe in future years as costs fall. When that does happen IQE will be in the market already. It's possible IQE's 2 small partners here may still use the tech. Have to see where the market goes.IQE is currently 22p. Even a shift of 75-100m here will certainly double to triple the share price here. IQE was targeting 70p for director bonuses to kick in. Let's see what boost GAN can bring from the US this year. IQE is diversifying so hopefully some or all of the markets will come good. |
Posted at 01/3/2024 15:59 by guildedge The key thing for me is the funds have backed IQE for the last few months. Those that wanted out cleared at 15-20p. Citigroup took on 10% and had no trouble selling 6% of them. Funds rarely buy and sell 1-2 months later. Most of the big shareholders here have not been selling.The only side step might be if it's Richard Griffith as he has a lot of loaned out shares. It will be months before we find out if AMS actually impacted IQE. If this was Apple dumping them for IQE production then that would be big news. You would hope IQE would announce a big deal if it had been done. Of course IQE are at start of the food chain. It would seem surprising for the CEO to be so positive for huge bad news to follow 1-2 months later. Especially if Lemos has influence. Of course Unless Apple beat IQE down on price. Lemos suggested 30% margins on new deals. See what happens. Judging from last few days it's been a lot of guesswork on here. |
Posted at 29/2/2024 18:03 by bbonsall Are these the two partnerships IQE referred to? I leave this to the experts.6 Oct 2022 IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, is pleased to announce it has entered into a partnership with MICLEDI Microdisplays (“MICLEDI̶ 10 May 2022 IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, is pleased to announce a strategic partnership with Porotech, a pioneer in microLED and GaN-based semiconductor technology. The focus of the partnership is to develop, scale and commercialise Porotech's unique wafer technology that achieves all three colours (RGB) on a single 200 or 300mm GaN-based wafer for ultra-high-density and efficient microLEDs, the applications for which include AR/MR/VR, wearable devices, smart displays and large-scale direct view displays. |
Posted at 11/2/2024 09:58 by sweenoid I aways get nervous when posters start bigging up the share price 🤨I am of course optimistic about the medium- long term trajectory but I take a more sanguine view short term. I will be relieved when we break the 26p resistance point established after last March’s debacle ( trading statement), not aided by the offer of 20p in May. We need to maintain an share price above 26p for at least a week or so to maintain any momentum. As for the US indices, I see us approaching ( if we are not there already) a bubble with all its potential consequences. However in the past IQE’s share price has run counter- trend to the Nasdaq so that’s comforting. Please, no more talk of ARM- it’s absolutely of zero relevance to IQE. there are 4 absolute drivers ( imho) for a continuing uptrend in the share price other than it’s present momentum. 1 customer announcements especially if a major company can actually be named ( unlikely), as pointed out in Provanars excellent post Infineon would really be a gold star ( among others) 2 the new CFO buying shares. Tim Pullen didn’t buy a single share in his tenure, on appointment Jutta Meier, Chief Financial Officer of IQE, commented: "I am thrilled to be joining IQE as Chief Financial Officer. IQE is at the forefront of the global compound semiconductor industry and I am very excited by the market opportunities and the growth potential of the business. I look forward to working with Americo and the team to deliver our ambitious goals." So if her rhetoric and commitment to IQE is genuine and I have no doubt it is then I think it’s important that she is really ‘invested̵ 3 any significant investment by HMG / European Semiconductor fund but most importantly the US CHIPS ACT would be incredibly positive. It is mooted that a large tranche of this huge fund will be announced prior to March 7 and related to Biden’s election campaign. IQE have a big presence in the USA and are heavily involved in supplying the US military ( via its customer Raytheon) . IQE have just appointed a VP of Government affairs whose role is entirely to ensure IQE gets access to these funds,Americo was optimistic about IQE’s chances of procuring funding when I met him ( he wouldn’t have made the appointment if he wasn’t) - I personally won’t be convinced till any announcement is made. 4absolutely pivotal is the OUTLOOK in the upcoming earnings report. I am estimating it will come the 3rd week of March ( 19-21?) . FY 23 is behind us and results are more or less already in the public domain. I sincerely hope the TONE and POSITIVITY of the statement reflects what was expressed to me at my recent meeting with our CEO. I will be closely watching the the Q&A and will definitely be submitting questions, the answer to questions will be invaluable in assessing where we are. IQE is my last major involvement in the stock market ( I have a nice holding in Altitude too but pales in significance ) and I intend to exit completely when the share price reaches my targets . 2024 would be a lovely time to go but there’s a way to go before that happens . And no I won’t be stating my exit share price other than to say it’s lower than Tomducks 😉 S |
Posted at 07/2/2024 17:49 by provonar Guildedge,The Infineon buy-out of GaN Systems was a Tier 1 producer purchasing a fabless CS design house. This would be similar to Tier 1 Win Semiconducters buying out Lumentum. None of these companies are involved in epitaxy at Tier 2, as far as I'm aware. Both of these supply chains need a supply of epitaxial wafers from Tier 2 before they can build ICs at Tier 1. Yes, they could decide to vertically-integrate and absorb an epitaxy company - but that's a bit like asking why IQE doesn't buy out a mining company at Tier 3. It's all about being an expert in a specific niche within the supply chain. Plus, any purchaser of IQE would need to use all of the different epitaxy products that IQE currently produce - otherwise they would immediately throw-out/sell all the tools that didn't produce the desired epiwafers, which is obviously bad business. Now in the epitaxy market there is about 2/3 of the epitaxy done in vertically-integrate Not only does Mr. Lemos want IQE to expand/maintain their market share of the outsourced epiwafer market, he also wants to go after the vertically-integrate But coming back to Infineon, they look like part of the out-sourced market - they're a Tier 1 foundry, as far as I can see. Their annual report mentions front-end and back-end processing, which are Tier 1 processes for chip production. So they'll absolutely need to buy their CS epiwafers from someone, just as epiwafer manufacturers have to buy their mined raw materials from someone (glossing over the crystal-ingot growth process, of which IQE has two facilities). So, Infineon will need to go to epiwafer suppliers in order to get the material inputs they need to create chips. They will want to go to multiple suppliers in order to have a diversity of supply. But if you have big order ramps due to a 'breakthrough' in demand, then you need to go to the big volume epiwafer manufacturers, like IQE. This is what the over-blown 'inflection point' talk is all about - whether it really occurs (which is looking more likely) and whether IQE can profitably capitalise on it, remains to be seen. |
Posted at 06/2/2024 21:25 by guildedge IQE issue in past has been having all these advanced Semiconductor products but the market was not adopting them or taking IQE seriously. Multi billion pound market and IQE was turning over less than 0.001% of this turnover? Apple turned over 383 billion dollars in 2023. Which means IQE parts were worth less than 30-40p a product? Selling screws for an expensive wardrobe. You need to make a lot of screws to make money and IQE has not had the volumes to do this.Infineon acquired Gan Systems in March 2023 to make GAN parts. Looks like they are producing parts by themselves. We have had no update to say they are working closely with IQE as a partner but again maybe they are not allowed to say. They have admitted to likes of Apple and other industry players. hxxps://www.semicond hxxps://gansystems.c You could flip this on it's head and say if IQE parts were must have then companies like Infineon would buy out IQE and stick their parts in all their products. 200m is throwaway money for these big firms. Of course Lemos will value at IQE at a billion plus if his plans work. Even then British government would likely refuse any sale of IQE. So maybe building up the business is the way forward here. I think Lemos will bring something new. If there is not enough capacity in the industry as a whole then you would hope IQE could steal a part of this market. Convincing the big players is the issue here. |
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