Iqe Share Discussion Threads

[jimboyce] 06/9/2018 14:13

More excellent news from our buddies.MACOM Announces New Portfolio of 25G Lasers for High-Volume Deployment in 5G LTE Wireless Fronthaul ApplicationsSource: Business WireIndustrial temperature-grade 25G DFB lasers extend MACOM's technology leadership in wireless network infrastructureMACOM's proprietary Etched Facet Technology (EFT) is poised to enable 25G laser manufacturing at commercial scale25G laser portfolio will be showcased at CIOE in Booth #1A32, and ECOC in Booth #579New 25G lasers for 5G LTE applications are sampling to customers todayMACOM Technology Solutions Inc. ("MACOM"), a leading supplier of high-performance RF, microwave, millimeterwave and photonic solutions, today announced a new portfolio of 25G distributed feedback (DFB) lasers designed for use in next-generation 5G LTE wireless fronthaul infrastructure. Building on MACOM's legacy of industry leadership in 4G LTE connectivity solutions, the new laser portfolio is expected to help wireless operators deploy 25G optical links at commercial scale and cost structures on the path to 5G.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180906005197/en/MACOM will be showcasing its 25G laser portfolio at the China International Optoelectronic Expositio ... MACOM will be showcasing its 25G laser portfolio at the China International Optoelectronic Exposition (CIOE), Booth #1A32, in Shenzhen, China, September 5th – 8th, and at the European Conference on Optical Communication (ECOC), Booth #579, in Rome, Italy, September 24th – 26th. For more information about MACOM's optical and photonic technology solutions, visit www.macom.com. (Graphic: Business Wire)Available in bare die chip format (1xxD-25I-LCT11-50x) and TO-packaging (1xxD-25I-LT5xC-50x), MACOM's new 25G DFB lasers are designed for operation in the -40 to 85oC temperature range over transmission distances from 2 to 10 kilometers. The new 25G lasers will meet stringent operating requirements while helping to expand wireless infrastructure bandwidth for high-speed 5G connectivity.MACOM's new industrial temperature-grade 25G laser portfolio leverages MACOM's proprietary EFT, which at commercial scale manufacturing levels, could enable breakthrough cost efficiencies and product uniformity. MACOM believes that this high-volume production capability distinguishes us as a leading provider of 25G lasers across a host of Cloud Data Center and wireless infrastructure applications."MACOM's new 5G LTE-optimized 25G laser family builds on our comprehensive portfolio of 5G enabling technologies, and again demonstrates the value of EFT for achieving production efficiency that scales to meet industry supply and cost structure needs," said Dr. Fang Wang, Vice President and Business Line Manager, Lightwave, MACOM. "For customers transitioning from 10G to 25G wireless fronthaul infrastructure, MACOM can provide the 25G lasers, complementary components and application expertise to help accelerate deployment time and reduce costs."MACOM's industrial temperature-grade 25G lasers are sampling to customers today, with production availability planned for 2019.MACOM will be showcasing its 25G laser portfolio at the China International Optoelectronic Exposition (CIOE), Booth #1A32, in Shenzhen, China, September 5th – 8th, and at the European Conference on Optical Communication (ECOC), Booth #579, in Rome, Italy, September 24th – 26th. For more information about MACOM's optical and photonic technology solutions, visit www.macom.com.

[panic investor] 06/9/2018 12:51

And a good old round number to boot

[panic investor] 06/9/2018 12:51

Probably a re-test if 100 on the way down - it's been a good S/R level

[bocase] 06/9/2018 10:24

Horneblower:

Good explanation thank you. Yes I suspected it was due to orders not being removed from the order book. Fingers crossed for genuine trades back above 100p very shortly. The tide is coming in and King Canute failed to stop it.

[loobrush] 06/9/2018 10:23

APHRODITES-YOUR COMMENT "This is why IQE will see big share price gains when the impact of what they are capable of delivering is fully appreciated and bottom line profits become evident"
I think this sums up exactly the situation with IQE.

MAXWELLSDEMON has alos highlighted the yield issue

I also think that making these wafers is harder than one would think and that IQE are the best at making them and their wafers are the best quality and most relable. We don't now how good any competition is do we?
That being the case, although there is competition, their market share should always be the greatest and with the future volume of wafers required the growth of IQE'S turnover will be much greater than is predicted.
With a lot of companies now having products validated by IQE we will soon see a lot of contracts being announced over the coming months for these companies and then the poterntial will become more obvious and the share price will respond.
They haven't moved into a huge factory for nothing.

[horneblower] 06/9/2018 10:02

These auction price 'side-steps' happen now and then. I have clocked it happening in IQE before, and in other stocks. The auction uncrossing price (UP) is worked out by iteratively matching trades starting from the closest bid/ask. If people leave their bids or offers on the book after close they will be used to calculate the UP. Sometimes this skews the outcome but in the morning it almost always goes back to the closing bid/ask.

[bocase] 06/9/2018 08:26

Showing down 2.6p but basically unchanged on the day due to the false close last night.

[thecrunk] 06/9/2018 05:37

Lloyds has my IQE priced at 98.5 for me.

[bocase] 05/9/2018 21:50

Dave:

Yes the chart reflects the last mid price prior to 4.30pm but does not update with the closing auction. My IG chart is the same but the auction price was 98.50p, significantly higher. Interesting and very unusual.

[dr_smith] 05/9/2018 21:33

Bocase:
I don't know about uncrossing trades but google finance day chart suggests close at 96.15 but showing share price of 98.5
Google finance sometimes has data blips with end price actually being open price.

[dr_smith] 05/9/2018 21:28

I mentioned recently an LED "bulb" on courtesy light that was $$$ to replace as not made as an independant component to replace, like a traditional bulb.

In contrast to high failure rate at m/f stage, there seems to be assumption that past that, the VCSELS are reliable. If say 1% of iphone users pay megabucks for their phone and the face ID fails, that is a lot of unhappy vocal users and bad brand image.

..or maybe the component/VCSELS failure is not so critical for end user, an analogy might be losing a few pixels on a pc monitor.

[bocase] 05/9/2018 21:25

I still can't understand why the closing price (UT) was more than 2p higher at 98.50p than the final trades. It (post 20504)has not been commented on but it is extremely unusual. It might be an interesting open tomorrow. Either the price will revert to the 96p level as it was just a glitch or we will move much higher as there was a reason the stock was being chased.

[aphrodites] 05/9/2018 21:16

wendybatt

In reply to your question I have already posted twice that many analysts are not qualified to understand the full implications of what IQE's technology involves.

It's like the blind leading the blind.

This is why IQE will see big share price gains when the impact of what they are capable of delivering is fully appreciated and bottom line profits become evident.

[boboty] 05/9/2018 21:01

I was at the agm as well and this yield issue was highlighted by Nelson. My take on it was that the vcsel arrays used by the face recognition doohickey in the iPhonex are made up of hundreds if not thousands of different vcsels. So if one of those vcsel’s malfunctions then the whole array is useless, and further all the work gone into fabricating the unit and all the other vcsels that are ok are then wasted. Drew put it this way - a poor quality wafer disc, given away free, would end up costing the fabricator more than paying full price for an Iqe wafer. I think Nelson said “they couldn’t give them away” - that is wafers that are not virtually error free.

[maxwellsdemon] 05/9/2018 20:23

One of the things that Drew Nelson alluded to at the AGM was the impact of different wafer suppliers on the chip manufacturer's yield resulting in different costs to the chip manufacturer. Nobody at the AGM who posts here seems to have picked up on the point.

Drew Nelson did not give any numbers for costs or yields and in the following examples I have just made some numbers up to illustrate the point. This is MY take on what, I think, Drew was driving at.

Consider two diffrent wafer suppliers IQE and ABC inc who are suppling a VCSEL chip manufacturer XYZ inc. The point where a VCSEL can be, almost fully, tested is ,I believe, just before or a few process steps before the wafer is diced up. At this point each VCSEL (or VCSEL array) can be probed and tested for light output and current against applied voltage. Faulty VCSELs can be identified and later the faulty diced chips can be rejected.

Now suppose that the yield, the chip manufacturer XYZ gets, from a finished IQE epiwafer to the pre-diced wafer test is say 60% and that the corresponding yield from a finished epiwafer from ABC inc is 40%. Let's say IQE charge $2000 per wafer and that XYZ spends $4000 on processing the wafer up to the pre-test (voltage, current, light) stage.

Then the cost of a "perfectly functioning equivalent wafer" from IQE is ($2000 + $4000)/0.6 = $10,000.

Now, what price must ABC inc charge to compete? Well the answer is zero as (0 + $4000)/0.4 = $10,000
So ABC would have to give away thier wafers to entice XYZ inc to use them.

The key thing, here, is that the effective cost of an epiwafer to a chip manufacturer is not just the price that IQE or ABC inc charges but this cost could be much greater especially if yields (from the finished epiwafer to the pre-diced test) are low.

I would think yields for RF devices to be much greater than for VCSELs as the number epitaxial layers is much much lower. So this sort of yield cost multiplier effect will be greater for VCSELs vis-a-vis RF devices.

[adejuk] 05/9/2018 19:29

bec they are paid to parrot their paymasters.

[wendybatt1] 05/9/2018 19:15

Why are some analysts so short sighted about stuff like this when it comes to IQE

[yankeekraut] 05/9/2018 17:47

yes, IQE is partnered with MACOM. The new chip / technology announced has IQE wafers in it. Cannot wait to hear MACON announce the first big order.

[regasclockwork] 05/9/2018 17:00

Interesting post from Sheepy - 20498 - a 'thumb-up' from me.

Monster post and far too technical for me, but here are a couple of snippets from it:
From Yole report July 2018 - [not my high-case]:

VCSELs Technology Industry and Market Trends
1 - From Technologies to Market VCSELs Technology, Industry and Market Trends 2018 Report Sample July 2018

30 - VCSELS - TECHNOLOGY, INDUSTRY AND MARKET TRENDS Market & Technology report - July 2018 AFTER 20 YEARS, THE VCSEL BUSINESS HAS FOUND ITS KILLER APPLICATION – AND IS LIKELY TO EXPLODE 3D sensing – and more – in smartphones will drive theVCSEL market for the next five years. KEY FEATURES • VCSEL market revenue and volume: 2017-2023 •

31 - VCSELS - TECHNOLOGY, INDUSTRY AND MARKET TRENDS A NEWWAVE OF INVESTMENT AND MA HAS STARTED VCSEL market volume is expected to grow from 652M units in 2017 to more than 3.3B units in 2023 at a 31% compound annual growth rate for this period (CAGR2017-2023). This booming trend is likely to trigger interest in VCSEL technology at many industry levels, including OEMs, integrators, device manufacturers, epi houses, foundries, equipment and material suppliers. To be able to follow this booming demand, more than 100 MOCVD reactors will be needed, which is likely to please companies that supply this equipment, such as Aixtron, Veeco and Taiyo Nippon Sanso. -End-

Apologies if information has already been posted. GLA!

[bocase] 05/9/2018 16:43

Uncrossing trade at 98.50p, more than 2p above where it was trading prior to the close.

Any thoughts? It is a mystery to me. I would have expected an auction close at around 96.2p

[richardc77] 05/9/2018 16:38

Decent price action these past 2 days after the shorts told us the sky would fall in. Some clown 🤡 said on Twitter earlier that we’d retrace back to 30p 🧐😂

[paradores] 05/9/2018 16:21

Lovely trogers. I couldn't agree with you more re Edison.

trogerswinning - 05 Sep 2018 - 15:23:37 - 91 of 92 "BCA Marketplace - one to watch

"Edison initiated coverage... why on earth are BCA using that bunch of numpties. They're for spivvy oil explorers and blue-sky stories."

ROTFLMAO

[paradores] 05/9/2018 15:41

Nice spot rivaldo. IQE have a VERY close relationship with Macom focused around Gan-on-Silicon mass market applications:

“The importance of GaN on Si for power devices cannot be understated, particularly as we enter an era of electrically propelled transportation and increasing demands for energy efficient power control systems" Dr. Wayne Johnson, VP of IQE's Power Business Unit.

From the archive:
hxxp://www.iqep.com/media/2015/10/iqe%E2%80%99s-gan-on-sic-achieves-breakthrough-power-and-frequency-results-for-satellite-communications-and-5g-applications/

[trogerswinning] 05/9/2018 15:21

Wheels coming off...