Tuesday, 21 July, 2026
Riding the AI Surge: Semiconductor Wafer Maker Upgrades Growth Targets
By TechShots Studio
UK chipmaker IQE upgraded its full-year 2026 revenue growth forecast to above 30%—up from a previous 20% estimate—after first-half sales beat expectations. The surge is primarily driven by accelerating demand for its Indium Phosphide optical components, which are essential for AI data centre infrastructure. Further gains in aerospace, defense, and wireless markets also bolstered the outlook.
Read full story at REUTERS