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IQE Eyes Strong 2025 on Defense, AI, and Handset Demand
12 Jan
Summary
- IQE anticipates 2025 revenue and profit at forecast's upper end.
- Demand is fueled by military, defense, AI, and data center markets.
- Handset market also contributes significantly to the positive outlook.
British semiconductor wafer maker IQE has announced expectations for its fiscal year 2025, forecasting both revenue and adjusted core profit to reach the upper limits of its previously stated guidance. The company's positive outlook is underpinned by strong and growing demand across several critical technology sectors.
Key markets propelling this anticipated success include the defence and military sectors, alongside the rapidly expanding fields of artificial intelligence and data centres. These areas are experiencing significant investment and innovation, creating a fertile ground for IQE's specialized wafer products.
Furthermore, the traditional handset market continues to be a substantial contributor to IQE's projected performance. This multi-faceted demand, spanning from advanced defence applications to everyday consumer electronics, positions IQE for a strong financial year ahead.
