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IQE Shares Hit 8 Year High

Shares in the compound semiconductor epiwafer foundry and substrate manufacturer have reached an eight year high of 23 pence.

Shares in Cardiff based semiconductor manufacturer IQE today hit an 8-year high of 23p per share.

The company recently published a trading updated stating that, as a result of stronger than expected wireless product sales and increasing demand for optoelectronic and silicon-based wafers, the Company expects first-half performance to be significantly ahead of market expectations.

IQE’s global headquarters are in St.Mellons, Cardiff and the company has 7 wholly subsidiaries including manufacturing facilities in the USA and Singapore.

The Company will publish its interim results on Wednesday 1st September 2010.
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