IQE is the leading supplier of epitaxial compound semiconductor wafers globally. The principal applications include radio frequency semiconductors, devices for optical networks, vertical cavity surface emitting lasers (VCSELs) and infra-red semiconductors.
In this interview, IQE’s CFO Tim Pullen provides an overview of H120 performance, followed by a more detailed account of the growth in wireless and photonics revenues. He describes why capital expenditure was relatively low during the period and discusses what the investment profile is likely to look like in future. He explains the rationale for recent management guidance on FY20 performance and concludes by talking about the market trends that are most likely to drive growth in FY21.