Anyone got any idea where the Tower lawsuit case is, there's been no update for absolutely ages....? |
Just to show some balance 8p. As everyone else will go high! Weak eletric market is a worry. Especially with that firm planning the new car battery plant. (Will that still happen?) Hopefully IQE consolidate production elsewhere too. Sure they closed one site but the rest are barely at capacity. Not sure why they need so many UK sites.
Really doubt GF will bid for IQE. If they do it would be a 20-30% premium on share price. They would gut IQE and likely most of the staff too. The first to go would be the highly paid staff. CFO/accountants and execs. Should save over 1-2m.
After all the supposed cost savings they have made over last 1-2 years they have gone from 685 staff to 670 staff. I get the feeling this number needs to be slashed by about a 1/3rd unless revenue increase. |
tomduck - technically, if GF bought IQE before then, they'd be delisted so the price would be zero.
But at least long-suffering shareholders would finally have some money in the bank. Albeit in many cases less than they'd started with way back when. |
I'll play the forever optimist and predict they sell Taiwan for a decent (but below market) multiple and they can work out how to manufacture at a profit going forwards - 26p |
If GF have bid for us then 30p if not then 19p.
So 19p |
10p. Erring on the side of caution, given what happened last time.
More likely though, part of Global Foundries by then. |
I’ll throw my hat into the ring, 20p |
LTS yes, it’s now a given Micro LED as a mass adoption is multiple years away, will be niche all of this decade imo.
Solid consolidation of the IQE share price, if we can get to 14p by Christmas I will be happy.
I won’t bother re posting all our end of year predictions, let’s agree they are now void, but instead propose a prediction for June 30th 2025.
I will go first… 24p |
Another article that shows mass adoption of Micro LEDs is one for the next decade. Hopefully IQE is still a UK listed company by then and can prosper. |
More jobs for Newport
More grants for Global Foundries
Super Cluster for Newport |
Local incentives for the project are expected to be decided this week. The city of Greensboro will be asked at its meeting tonight (Monday, Nov. 4) to approve $2,410,711 in incentives. On Thursday, Nov. 7, Guilford County commissioners will be asked to approve incentives of $2,618,623
I guess this is the significant money mentioned as this is a few million dollars |
That makes it a lot clearer, good post Lammergeier |
IQE’s expansion at its manufacturing facility will take place over several years.
Pennsylvania site was bought in 2007 for about $3million and they sold it for $5.5
million.
The moral of the tale is that the sum of the parts is much greater than the whole
and hopefully the BOD will unlock the intrinsic value during 2025 especially in Taiwan |
The ONE NC money is only reported at 275k dollars and IQE have to match this amount and only get it once milestones met, this is NOT a couple of million?
So is there more money than reported coming from local goverment as I would not class the above as significant? |
The local Government is NOT the Chips Act, although they are stumping up a couple of million $ |
The North Carolina site is also supported through significant funding from the local government.
I read this as encouraging regarding CHIPS ACT funding |
Sounds like Bones has the open short.... Good luck! ;-) |
That's 4.6% of their Market Cap they are getting in cash for the site sale |
Arlet is awful and Amy slight negative results in a hammering to the share price . I see there is still an open short on iqe which doesn't bode well . Seem unable to improve profitability and having to go cap in hand to lombard is never a great sign when they get involved imo . I'll watch as wouldn't feel comfortable holding this ATM |
 IQE plcCardiff, UK4 December 2024IQE announces completion of Pennsylvania site sale processas part of global consolidation strategyIQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier of advanced compound semiconductor wafer products and material solutions to the global semiconductor industry, today announces that it has completed the sale of its decommissioned site in Bethlehem, Pennsylvania. As a result of the sale, IQE will receive $2.5m immediately and a further $3.0m before the end of the year.IQE ceased operations in the Pennsylvania site in late 2023 and has since transferred the site's expertise, IP, assets and customers to its larger facility in Greensboro, North Carolina. This has allowed IQE to concentrate its efforts in North America on developing this site into a world-class facility serving advanced sensing, optical communications, aerospace & defence and wireless markets. The North Carolina site is also supported through significant funding from the local government.Jutta Meier, Interim CEO and CFO, commented:"The completion of the sale of our decommissioned Pennsylvania site will further strengthen our balance sheet, bringing in $5.5m in cash by the end of 2024. I am pleased to complete this milestone and the further consolidation of our manufacturing footprint. |
It shows that it’s a market of two halves, at least poor performance is not isolated to IQE |
Intel CEO resigns as company misses the mark over the AI revolution.
Nasdaq hits record high this week.
BritishBulls says ‘stay long’ over IQE.
Delaware court votes against Elon Musk’s pay package. |
Looks like the bots are going to take this through 13, happy days, GLA |
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