Reported 5 days ago
British semiconductor manufacturer IQE announced a strategic review of its assets and is considering selling its Taiwan operations due to stagnant revenue forecasts this year. The company, a key supplier for Apple, saw its shares drop by 15% following the announcement, citing challenges in the semiconductor market and increasing supply chain security concerns. After previously planning an initial public offering for its Taiwan unit, IQE is now exploring all options as it navigates a difficult financial landscape.
Source: YAHOO