IQE hits over 16-year low as it expands strategic review, cuts guidance

Iqe

08/09/2025 08:18

** Shares of British semiconductor wafer maker IQE IQE.L fall as much as 11.6% to 7.6p, their lowest since April 2009

** IQE says it is expanding its previously announced strategic review to consider a potential sale of company

** Co expects FY 2025 revenue between 90 mln pounds and 100 mln pounds ($121.5 mln - $135.09 mln ), down from prior expectation of 115.1 mln -123 mln pounds

** Negotiations with multiple parties for the sale of Group's Taiwan operations remains ongoing

** As of last close, stock down ~22.5% YTD

($1 = 0.7402 pounds)

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))