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Chip, wafer maker IQE lifts forecast for FY on demand for 5G-related products

Tuesday 24 November 2020 | 10:46 CET | News
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Cardiff-based chip and wafer maker IQE has lifted its guidance for 2020, saying it now expects revenues up over 20 percent year-on-year to at least GBP 170 million, against its previous forecast of 165 million. The operating profit should reach mid-single digits, with net debt seen at a low-single digit, helped by positive trading and cost controls, as well as lower capex. This compares to the GBP 16 million in net debt reported the year before.

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Categories: Internet / Mobile & Wireless
Countries: United Kingdom
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