IQE Raises Full-Year Revenue Growth Forecast to Over 30% Due to Strong AI, Data Centre Demand
UK semiconductor wafer maker IQE raised its full-year revenue growth forecast from 20% to over 30%, citing strong demand for Indium Phosphide solutions used in AI infrastructure and data centres. The company also reported robust performance across aerospace, defence, 3D sensing, and wireless markets.
Topics: AI infrastructure data centres revenue growth semiconductors