➀ IQE's H1 revenue increased by 27% year-on-year to £66 million, with an EBITDA of £6.6 million. ➁ Wireless revenue rose by 73% to £38.8 million, while photonics revenue decreased by 4% to £26.8 million. ➂ The company reported an operating loss of £(12.1)m and adjusted cash inflow from operations of £1.8 million.
Recent #IQE news in the semiconductor industry
1. Dr. Drew Nelson, co-founder and CEO of IQE, has left the company after 35 years of service. 2. Nelson will focus on other interests, including the South Wales Compound Semiconductor cluster and the Advisory Board of the All Party Parliamentary Group on Semiconductors. 3. He will also serve as a consultant to IQE for a year to provide industry-related expertise and support.