Sales, profits fall at IQE in H2
September 02, 2009 //
Wafer supplier IQE plc (Cardiff, Wales) posted a first-half operating loss for the first half of 2009 ended 30 June due to lower demand, but forecast a significant growth in sales during the second half and beyond as trading returned to pre-recession levels.
LONDON Wafer supplier IQE plc (Cardiff, Wales) posted a first-half operating loss for the first half of 2009 ended 30 June due to lower demand, but forecast a significant growth in sales during the second half and beyond as trading returned to pre-recession levels.
Sales were worth £21.4 million, compared to £30.2 million for the corresponding period last year. Gross profits were £3.8 million compared with £4.3 million in the first half of 2008.
Capital expenditure was just £0.7million, (H1 2008: £3.4m) which included £0.3m to complete capital projects begun in 2008.
Commenting on the interims, Dr Drew Nelson, IQE Chief Executive, said: "IQE is in a strong position, having taken decisive action to cut costs and restructure for growth. Our core smartphone market has recovered quickly and is now growing rapidly as phones become more connected and multi-functional, demanding ever more of our products. Furthermore, we have significant opportunities ahead of us in the emerging solar cell and solid state lighting markets.
"Even at the lowest point of the destocking cycle, IQE remained EBITDA positive, demonstrating the effectiveness of our restructuring and the resilience of our business. Now that trading has recovered, our high level of operational gearing should produce a strong second half with substantial free cash flow generation."
Wilson said the company's CPV solar cell products are continuing to gain market share.
eDP: the next rung on display control's evolutionary ladder
May 26, 2015
When it comes to controlling TFT LCD modules directly, there have been two widely used technologies. For smaller displays ...
Daimler, Qualcomm announce strategic partnership
Rohm buys Renesas wafer fab
SK Hynix, Sharp move up chip vendor ranking
IDT partners EPC to integrate GaN and silicon technologies
Reduce EMI with 42-V, 5-A synchronous step-down silent switcher
May 25, 2015
The LT8640 is a 42-V, 5-A synchronous step-down regulator that features Silent Switcher architecture. Silent Switcher minimizes ...
Egg-shaped micro home runs on wind, solar power
Extensible CPU cores exploit IoT's vast potential
Audi connects to Baidu, Huawei at CES Asia
- Integrating GPS into consumer products
- Controlling LED Lighting Using Triacs and Quadracs
- Automotive Designs Demand Low EMI Synchronous Buck Converters
- Smart Capacitive Design Tips
InterviewCEO interview: What's next after Tower's turn-around?
May 2015 marks the tenth anniversary of Russell Ellwanger taking over as CEO of speciality foundry Tower Semiconductor Ltd. (Migdael Haemek, Israel), which now trades as TowerJazz. And so EE Times Europe ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
In this month's reader offer, Analog Devices is giving away five Blackfin Low-Power Imaging Platform (BLIP) Development Systems (ADZS-BF707-BLIP2), worth 199 dollars each, for EETimes Europe's readers to win.
Targeting demanding ultra-low-power, real-time applications for image sensing and advanced audio, the development platform leverages the company’s ADSP-BF707BBCZ-4 Blackfin processor as...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.