Iqe Share Discussion Threads

[lord loads of lolly] 22/6/2022 15:18

longtallsally - yup, he's certainly making a mint out of wafffers.

[longtallsally] 22/6/2022 15:17

I can’t see him leaving, he’d have to be carried kicking and screaming on his package.

[indiestu] 22/6/2022 14:58

Pullen is out the door. Not a believer. Good riddance to him.

[longtallsally] 22/6/2022 14:57

Out of all of “them” seeing Tim “tight wad” Pullen buying out of his own pocket would be a buy signal. I suspect that he’s a low risk kinda guy managing to make do with his circa £400k salary!

[indiestu] 22/6/2022 14:55

Fingers crossed Powell has a grip on this carnage. It's getting painful.

[lord loads of lolly] 22/6/2022 14:48

bing_b - in terms of IQE's less productive tools, has Pullen Your Leg bought any shares with his own money yet? Hmmm, might have guessed.

[dockenfieldman] 22/6/2022 11:08

The market likes the news, markets are generally down today and IQE is currently up 3%.

[bing_b] 22/6/2022 10:59

Great news but as always the proof of the pudding is in the tasting!
Also worth noting that photonics margins are significantly higher than wireless margins so filling the Newport plant with productive tools (no .. don't go there!) would be very beneficial to the bottom line.

[crosswires] 22/6/2022 10:39

Don’t go there ;)

[1retirement] 22/6/2022 10:26

Cheap as chips at this price?

[crosswires] 22/6/2022 10:12

Agree it’s good news. We must remember that the next leg up for the IQE share price is now about our future markets and the exponentially increasing volume of 8” wafer production and the mass adoption of products that contain Face ID (which is still a top of the market feature) and those that feature micro LED (VR/AR). Lidar of course will be in most cars during the next decade and within the next 5 years alone that market is predicted to grow from $1.5b to $7b.

Don’t make the mistake of getting stuck in the past couple of years as an indicator of the potential of iQE. If the past 5 months has taught us anything, it is that Americo Lemos means business…

The world is only ever going to need a growing number of semi conductors, and of ever increasing complexity.

[chrisdgb] 22/6/2022 09:30

Seriously good news...........

[lord loads of lolly] 22/6/2022 09:28

Additional meat on the bones would have been useful. But I think some are being a bit too downbeat about this latest announcement. The bit about IQE being Lumentum's epitaxy partner of choice for LiDAR in autonomous vehicles has got to be significantly good news. And assuming Lumentum does what it says & begins to "ramp high volumes of differentiated solutions into even more demanding applications in the coming years", that too will be positive for IQE.

[guildedge] 22/6/2022 09:17

The issue here is lots of news but like in H2 last year no actual numbers. How have they done in H1? Unclear if todays announcement is just stating what is happening now or an increase in orders. Market skeptical.

[twatcher] 22/6/2022 09:09

It would have been useful if they could have thrown in the use of 8" wafers production process into that announcement.

[longtallsally] 22/6/2022 08:12

It’s unclear if this is somehow extra revenue or just continuation of the existing contract with no increase in revenue. If the former then they could have worded it better as market will assume it’s the latter. If the latter it is still nice to be kept informed but won’t be a share price driver.

[dockenfieldman] 22/6/2022 07:56

Another great disclosure from IQE - I do feel that the new CEO has a plan and I do like his regular communications to the market - much improved from the past. Next step is for the CEO to spell out his plan?

[guildedge] 22/6/2022 07:02

An existing partnership which ties them in for years?


'IQE announces multi-year strategic supply agreement with Lumentum

-- Multi-year, high-volume supply agreement

-- Development and production of broad, industry-leading photonics products

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 the signing of a multi-year agreement with Lumentum for the supply of epiwafers supporting 3D Sensing, LiDAR for automotive, and optical networking applications.

Lumentum Holdings Inc., (NASDAQ: LITE, "Lumentum") a market-leading photonics solutions provider, has been a long-term partner of IQE. Effective immediately, the multi-year agreement is focused on high volume production of epiwafers which will be used across Lumentum's portfolio of innovative laser products, in particular to enable LiDAR for autonomous vehicles, where IQE will be the epitaxy partner of choice for this technology. The strong partnership between IQE and Lumentum will also enable leadership across a wider range of cutting-edge technologies such as biometric security, data communications, and extended reality. There is also further provision for multi-year joint research and development initiatives.

Americo Lemos, Chief Executive Officer of IQE, commented:

"Our partnership with Lumentum is in alignment with our strategy to strengthen our customer relationships and to enter into long-term agreements securing wafer supply. Lumentum and IQE are industry leaders in the 3D Sensing space, and this partnership is underpinned by IQE's unrivalled technology portfolio. We look forward to our continued collaboration and expansion of our business relationship into new market segments."

Alan Lowe, Chief Executive Officer of Lumentum, added:

"I am pleased to extend our fruitful partnership with IQE into the future. They supported our ramp to high volumes in the consumer space, where we have shipped more than 1 billion large scale VCSEL arrays. As we start to ramp high volumes of differentiated solutions into even more demanding applications in the coming years in the automotive, extended reality, and industrial spaces, I'm sure our partnership will continue to flourish." '

[sweenoid] 21/6/2022 14:10

FWIW From my perspective I agree with Nexperia!
At the moment they produce bog standard chips that are in short supply and I believe the investigation has been prompted by the US govt.it’s interesting to note and never commented on that our ex CEO and current President retained the juicy compound Semiconductor part of the Newport Wafer Fab business and incorporated it into NWF 10 a company that has yet to show its ‘hand’ and has only 2 directors -Drew and his son 😉.

Interesting times as I am guessing the Govt will cow tow to the right wing American lobby.

If we really want to ‘cut out’ the Chinese perhaps a restriction on the number of Chinese students studying in the UK could be tried, but of course that would cause a complete collapse in the entire higher education and University infrastructure overnight, or perhaps we might think twice about China essentially owning 33% of Hinckley. C - a nuclear power plant for goodness sake?

I am therefore confused 😂

Chipmaker Nexperia denies being under control of China



S

[lord loads of lolly] 20/6/2022 11:31

Thanks guildedge. Here's hoping, as you say. They could have made money on a turnover of £160m if they'd priced appropriately (or controlled their overheads more effectively). Though of course whether they'd then have achieved £160m would largely be down to competitor pricing. I still feel any company that persistently calls itself "market-leading" has to have some pricing power left. Unless of course they're not really market-leading after all.

[guildedge] 20/6/2022 10:53

Just to be clear I came up with that 108m figure based on a 40p share price. No one has said they will issue any/all of the 296m or so shares.

The difference now if they have a CEO with the ability to take the next steps. If they continue to turnover 160m they will never make any money. Their current setup is geared for much higher production. They need to make this happen or slash costs. Fact they are still hiring more staff tells a story. They can't all be for research?

At present they don't seem worried about losing money as they must think it will turn around soon.

Let's hope a growth in fabs globally results in great sales for IQE. GF are a partner as they expect big orders. Unclear if GF was an existing client or not.