IQE Announces Record Revenues
Company posts revenues of £178 m in 2020, cmpared to £140m in 2019, driven by the start of the 5G mega-cycle
IQE, a supplier of advanced wafer products and materials, has announced its full-year results for the year ended 31 December 2020.
The company delivered record revenues of £178m last year (2019: £140m), driven by the start of the 5G mega-cycle. Revenue from IQE's Wireless division was higher at £94.1m (2019: £68.2m) and benefitted from 5G infrastructure deployments in Asia.
The group's photonics business recorded £81.6m of revenues, representing a 17 percent increase on 2019 (£69.8m), thanks to continued growth in 3D sensing and other advanced sensing applications. Adjusted EBITDA grew 85.8 percent to £30.1m (2019: £16.2m) while the business also returned to a positive cash position of £1.9m (2019: net debt of £16m) thanks to a strong trading performance, capital spend controls and working capital management.
In terms of 2021, IQE states trading since the start of the year has continued positively as a result of continued 5G handset market penetration and demand for 3D sensing applications and other communication products. The business is well-positioned to capture the enlarged opportunity from the 5G mega-cycle and expects a similar revenue and profit performance to H1 2020 in the first six months of 2021.
AngelTech Live III: Join us on 12 April 2021!
AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST)
and will feature online
versions of the market-leading physical events: CS International
and PIC International
PLUS a brand new Silicon Semiconductor International
Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.
2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.
We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.
We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.
Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.
Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.
So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.
REGISTER FOR FREE