Iqe Share Discussion Threads

[phi2001] 26/10/2017 21:46

I'll tell you what, Chessmaster, I hope it's not VCSEL at the passport control scanners, because they take forever to decide if you're acceptable.

[sheep_herder] 26/10/2017 21:31

Face recognition for Teslas. Guaranteed! Love it.
14,000 wafers per Tesla!
We're gonna be rich Rodney, we're gonna be rich.

[chessmaster10] 26/10/2017 21:11

Thecrunk, your optimism is justified but i think you first post was getting somewhat carried away. Considering $0.75 per phone, lets say 70mil iphone X per year gives £40mil revenue in fy2018. Considering £23mil photonics revenue for the group in 2016 (of £132m total revenue) its still a very tidy number, just a way short of £200m!

i think you're right about other applications, specifically of facial recognition, being underestimated though. I can see this spreading very quickly as the de-facto security mechanism for a multitude of applications. Card payments, homes, cars, computers, workplaces.

Out of interest, does anybody know if the facial scanners at passport control use VCSEL technology, or is it a different method?

[hammerd2] 26/10/2017 19:48

Unfortunate 80's treatment of the subject matter but it really reminds me of this board a lot more of the time these days since the share price went up. Unfortunately.

[thecrunk] 26/10/2017 19:39

Ok thanks all,

So its 50c - $1 per phone that is what I was looking for.

[bocase] 26/10/2017 19:01

The Crunk:

re-read Sweenoids post. You will see the revenue for IQE per iphone is likely in the range 50c -$1 so say 75cents. This was also stated in the analyst's report a month or two back.

Do the sums on 75 cents per phone and then remember that is one of about six revenue streams IQE has, all of which are set to grow exponentially.

[sweenoid] 26/10/2017 18:57

!?!🤡

[poombear] 26/10/2017 18:52

Just to point out something else to adjust in your calculations. Apple sell 200m iPhones per year but that is all models. For the iPhone X alone you should probably be looking at the 70-80 million range.

[thecrunk] 26/10/2017 18:33

So nobody on this message board as a 2018 forecast for IQE revenue based on any reasonable set of assumption?

Just what I thought.

[grabster] 26/10/2017 18:28

To be honest, I really don't need to know how the value of what IQE produces relates to any one particular phone among the many. Within the overall mix of what IQE produces and sells to its numerous customers worldwide making their various devices by various means, and subdividing the IQE wafers in any number of ways, the costings for just one of those products would tell me nothing unless I also know the costings in every other device all over the world, and the different prices charged by IQE for each of the different quantities supplied to whoever. It seems a pointlessly nerdy hobby.

[mad foetus] 26/10/2017 18:17

thanks as ever sweenoid.
the only question I have is how to square the concept of IQE getting paid per iphone with the idea that the manufacturing risk is borne by the VCSEL manufacturer? Isn't the truth that we don't really get paid per iphone at all and that figure is just an estimate based on how much brokers think the VCSEL manufacturer will get paid, how much they are paying us per wafer and how much wastage there will be in converting wafers into usable VCSELs? In other words, it is a very rough estimate, non?

[netcurtains] 26/10/2017 18:16

thecrunk:
I recon about £100 per phone.

Its like Bruces "Play your cards right"...

Higher?
Stick?
Lower?

[thecrunk] 26/10/2017 18:09

Hi,

Let me rephrase my question. How many GBP does IQE get per I Phone X sale?

What is IQE gross revenue in GBP per I phone X sale? Anyone know or willing to guess.

Thanks

[industrious1] 26/10/2017 17:56

Cost of wafers has already been covered back in August. Re-read sweenoids posts from then

[ayl30] 26/10/2017 17:49

Sweenoid, yes please spread your specialist knowledge.
The only reference to wafer pricing I can see on the web is a 2104 report which talks about $2 per sq inch. Even if IQE's cost $20 and you can get 100 chips out of one sq inch that would only be 20c per chip.

[mad foetus] 26/10/2017 17:47

They pay the suppliers for the VCSEL, the VCSEL supplier pays up for the wafer. The suppliers can make multiple VCSELs from a six inch wafer (the VCSEL isn't a six inch disk!) but the manufacturing risk is theirs. I don't know how many VCSELs they can make from a wafer or how much a wafer cost, but I recall the brokers suggested how much we would make from each iPhone, though that will depend upon a number of factors outside our control. Can anyone more knowledgeable tell me if that is broadly correct?

[aimingupward2] 26/10/2017 17:38

10p for a sheet of A4 paper?!!

This is getting daft. Sweenoid to the rescue please!

[thecrunk] 26/10/2017 17:25

Do you think it could be 10p? I do not know the answer my statement was a question.

Intuitively I do not think they will pay 10p its a lot more.

However I would think it's not 10p per phone. 10p is around the same price for an A4 piece of paper. That wafer is significantly more valuable than an A4 piece of paper.

[ayl30] 26/10/2017 17:15

I have no knowledge but can't believe apple would pay anything like £1 let alone £10
Perhaps 10p - after all its only a tiny part of a sub-assembly they buy in, it may be scientifically advanced but it only a tiny part amongst thousands of others in the phone
Does anyone know the market cost of the components

[adejuk] 26/10/2017 17:10

i always get worried about euphoria
especially when i share it
don't fall in love with a stock

[aimingupward2] 26/10/2017 17:09

Good post,thecrunk. However, I recommend you correct the error in your revenue figures for 2018 for £10 per wafer which you've given the same as for £1.

[thecrunk] 26/10/2017 17:08

DEAR ALL

Let me ask this.

How much does IQE get paid per I Phone? For a wafer that is an incredibly complex piece of engineering? Could such a feat of engineering cost GBP 1 per phone? I think not. Could it cost GBP 10 per phone? Maybe. So somehwere between GBP 1 -10

There will be 200,000,000 units sold in 2018.

IQE 2018 revenue will be 200m GBP to 2 BN GB. ON a 0.9 BN current company valuation.

You do the math

This is a massively undervalued stock.

Wait and see.