Chipmaker IQE rises on wafer deal with Tower Semiconductor, patent settlement
Today 08:12
BUZZ-Chipmaker IQE rises on wafer deal with Tower Semiconductor, patent settlement ** Shares of British semiconductor wafer maker IQE IQE.L up 8.5% at 50.2p
** Co signs deal to supply Tower Semiconductor TSEM.TA with Indium Phosphide epiwafers for optical connectivity solutions, covering AI driven data centre infrastructure
** TSEM to also provide IQE with broad worldwide and royalty-free license, settling all litigation related to porous silicon patents
** In the last 12 months, the stock had risen slightly more than fourfold.
(Reporting by Raechel Thankam Job)