Iqe Share Discussion Threads

[myshareinfo] 17/2/2024 18:31

$33m doesn't seem much for sony.

We need concrete proof that sony is indeed using IQE services for the epitaxy to account for any revenues. Until we have the proof it is safe to assume sony is developing the lasers themselves.

On the other side, We don't know if seagate has given up on the iqe epitaxy as well.

[sweenoid] 17/2/2024 17:38

That’s interesting my share info!

given the link between IQE and 😉 below


The customer is thought of course to be Sony and it’s part of Apples diversification of its 3D sensing for Face ID, adding Sony to Lumentum and Coherent as VCSEL module suppliers. The agreement is for 3D sensing but the VCSELS supplied could just as easily be applied to the production of a VCSEL laser diode ( techies will have to guide us on this) I had given up the ghost on Seagate ever being a meaningful source of revenue for IQE but it’s collaborative move with Sony suggests that delivery of the 30TB ( and above) HAMR drives IS going to be very meaningful indeed.
Am I clutching at straws here- don’t know but it does look promising.

Another good link here



S

[myshareinfo] 17/2/2024 11:47

Iqe is the epitaxy patner for the vcsels used in the laser heads of the seagate HAMR drives. Now that seagate is partnering with sony what will be impact on the revenues to IQE from this stream? I know the revenues are not great from seagate due to the delays in launching the HAMR drives, still its worth knowing

1. Do we actually get any revenues form seagate related to the HAMR and VCSELS supplies?
2. What percentage of our revenue constitute the revenues from seagate?
3. What is the impact of this patnership with sony?
4. Or is sony going to route the epitaxy back to iqe like it did with apple?

Some general question, anyone knowledgeable can answer. Thanks

hxxps://www.msn.com/en-gb/money/technology/new-hamr-lasers-could-usher-in-30tb-hdds-seagate-and-sony-team-up-for-production-report/ar-BB1ipiAC

[lord loads of lolly] 16/2/2024 11:36

amt - whilst there've been many false dawns with IQE, you're wrong to say "IQE has been jam tomorrow for 20 years".

Had you invested early in 2017 and sold before the end of that year, you'd have made a very tidy profit. Unfortunately, many of us (myself included) hung on in the hope of even better things. Which has - so far at least - proved very costly.

[mattjos] 15/2/2024 20:55

coming along nicely here since i invested in October.
25p always a hurdle & it has shied away once so far at the star of the year.
This looks like a more determined effort is taking place. Let's hope that soon switches from Resistance into Support

[amt] 15/2/2024 17:27

Thanks for the hint Paraone. I will investigate Ensilica and Sondrel also looks interesting.
IQE has been jam tomorrow for 20 years

[paraone3] 13/2/2024 09:35

AMT Iqe in a roundabout way are in AI , because they manufacture the wafers that chips are formed on . So you dreaming of vast riches will never materialise whilst inveapsted in IQE , as they are only the start of the process . The real money is in the design of chips and manufacture of said chips as demonstrated by ARM , Nvidia and TSMC . If you were looking for the next ARM in the UK , Ensilica would probably fit the profile of an early developing ARM , currently designing and manufacturing ASIC chips for OEM,s and others who have already developed an AI processor .For a small cap company they have vast potential going forward , so a long term investment at todays prices could bring big rewards in say 5yrs, as opposed to IQE who have promised so much over the years but never delivered.

[amt] 13/2/2024 06:18

They need to get into the AI market, look at how well ARM and Nvidia are doing.

[crosswires] 12/2/2024 09:25

I think we both know the whole 3x thing (ahem) is not realistic, especially given it’s no longer even five years but less than four until 2027! I do get that it’s good to set tough targets and to strive to get there, good to motivate the team etc, however as previously stated I would be delighted if they can do £250m and a record profit year! I think 2025 FY may be the year IQE start to see a real revenue uptick, and that 2024 is about the recovery and putting the plans into place for sustainable growth. I’ve certainly never had as much faith in the team that Americo has now put in place, which gives them the best chance of changing the company from one with potential and great research into one that is properly investable

[hammerd2] 12/2/2024 09:13

It’s certainly a start but IIRC there were about 100 at IQE sites worldwide previous to that so still a way to go if we want 3x revenues.

One the positive, I’d suspect the setup for GaN reactors would be less customer specific than for, say, photonics wafers so lead time to get them up and running once they’ve been delivered should hopefully be shorter.

[crosswires] 12/2/2024 09:08

Hammered, IQE ordered 3 new GaN tools last year so they should be up and running soon.

[hammerd2] 12/2/2024 08:45

Morning all, long time no post. Encouraged by (most of) the posters’ knowledge and happy to keep the usual suspects & ne’er-do-wells filtered, life is too short for endless repetition.

Good week behind us that seems to have petered out for now, maybe a short pause for breath, maybe just reverting to the norm. As ever with IQE we’re mostly in the dark so hugely at the whim of the larger investment community.

I will restrict my comment today to my usual caveat as a foil to unbridled enthusiasm.

Reactors = revenues.

One would assume given the underperformance of revenues over the last few years that there is a level of under utilisation of current reactor stock but we won’t/can̵7;t see anywhere near 3x (ahem) revenues until we get a significant increase in the number of reactors bought & in production (which, as we know, takes between 9-18 months from placing of order).

Whoever has the ear of the Board (wink wink D) would be well served trying to winkle out the number of active reactors as a regular metric for investors to use.

Bon chance mes braves

[votiem] 11/2/2024 22:14

Good posts today, Sunday. If we're up by another couple of pennies over the coming week I'll be happy!!

[guildedge] 11/2/2024 18:58

Unless they are hugely ahead of expectations in March I would not expect a trading update. Last year was because things were going much worse than expected. March TU are far from normal. I think Gan revenue was more likely for H2. Unless they update on the start of production or for new orders?

I wouldn't get caught up in the excitement here. This could be the start of a big surge it could also be a false dawn. Pending when the results are I wouldn't be surprised to see more director buys if things are going well. The CEO certainly seems very positive here.

[alotto] 11/2/2024 18:03

Would you add before the TU? I wouldn't want to miss the chance to add at these levels, however I would lose the chance to benefit from a drop of I add now. Unfortunately I'm a bit cash strapped as I invested in a number of different stocks recently... What's the most likely scenario for the TU in March?

[crosswires] 11/2/2024 15:25

Frankly this kind of article is pointless and they don’t really even offer an opinion. Pretty much clickbait

[biglad1] 11/2/2024 15:13

https://simplywall.st/stocks/gb/semiconductors/aim-iqe/iqe-shares/news/iqe-plc-loniqe-stock-catapults-27-though-its-price-and-businessOn my feed today

[tomduck] 11/2/2024 11:16

I do think £1 is realistic here if performance can get anywhere near Americos targets, and unlike Crosswires I will carry on investing, it’s part of what makes me tick and I say that unashamedly ;) However if you’re happy to check out at 60-70p Sweenoid and that ticks your boxes then that makes total sense.

March update is very important for this years share price as I don’t believe we will get ANY named new contract RNS’ this year, the NDAs always get slapped on IQE.

[crosswires] 11/2/2024 11:05

Alotto you do say some odd things.

If you have enough money to easily last you your days, investing to some becomes pointless, and why put a very comfortable position at risk, it matches my ethos also. If IQE reach £1, I too would likely sell and cease investing.

Sweenoid, good post, agree re point 2 wholeheartedly and of course point 4 is critical. If the March update continues the positive vein of the last one I imagine we will crack 30p, if any negativity we will back to high teens, low 20s.

I agree IQE share price is not tied to the wider Nasdaq perf, which is due a pullback but our LT goals are all about regaining revenue and widening margins.

[alotto] 11/2/2024 10:14

Why would you completely sell your holding at your target share price? Would the share price you have in mind be an absolute lid to the potential financial performance of the company?

[sweenoid] 11/2/2024 09:58

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 ‘invested̵7;

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

[votiem] 10/2/2024 23:10

Hi Guys. We've just had a good week! As somebody who only occasionally contributes to this thread may I thank those of you make positive contributions on a frequent basis in terms of research and insights into all matters regarding IQE. Sharing this stuff is fun - which is why we like this forum.
Am optimistic because Mr Lemos has evidently assembled a very strong team of executives he has confidence in; and put together partnerships with potential buyers and others and is also thinking ahead in terms of the association with Cardiff University. We won't reach £6 this year - I'd be happy with a lousy stinking 60p. Best to all.

[guildedge] 10/2/2024 13:51

Well that made me chuckle. Maybe if Arm buy it out one day it will technically have a 115B valuation. Let's aim for 1bn first and then start to dream.