UK's IQE rises after posting half-year profit on demand from AI infrastructure
07/09/2026 08:06
BUZZ-UK's IQE rises after posting half-year profit on demand from AI infrastructure ** Shares of British semiconductor wafer maker IQE IQE.L up 6% at 50.3p
** Co posts half-yearly adjusted core profit of £6 million ($8.12 million) compared to a year-ago loss of £0.4 million, helped by strong demand from AI infrastructure and data centre and defence customers
** Revenue for six months ended June increased 43% to £64.6m
** IQE intends to move shares to London's Main Market, targeting completion in the first half of 2027
** Till Friday's close, the stock has risen more than nine-fold YTD
(Reporting by Raechel Thankam Job in Bengaluru)
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