Chipmaker IQE rises on wafer deal with Tower Semiconductor, patent settlement
Today 13:39
BUZZ-Chipmaker IQE rises on wafer deal with Tower Semiconductor, patent settlement Updates
** Shares of British semiconductor wafer maker IQE IQE.L rise as much as 30.4% to 60p
** Company 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 last 12 months, stock has risen slightly more than fourfold
(Reporting by Raechel Thankam Job and Yamini Kalia)
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Chipmaker IQE rises on wafer deal with Tower Semiconductor, patent settlement
Brief: IQE & Tower Semiconductor Resolve All Prior Intellectual Property Disputes