In a trading update, epiwafer and substrate maker IQE plc of Cardiff, Wales, UK says it expects revenue for full-year 2024 of about £115m, roughly flat with 2023’s £115.3m (rather than September’s forecast of year-on-year growth, to the lower end of analysts’ forecast of £130–153.7m). “In line with the rest of the industry, we are continuing to see a slower-than-anticipated recovery in key sectors driven by weak consumer demand in end markets,” the firm says. IQE expects this to result in an adjusted EBITDA of at least £5m (up from 2023’s £4.3m, albeit below analysts’ forecast in April of £11.1–16.6m)...
Source: https://www.semiconductor-today.com/new ... 1124.shtml