In this video, IQE’s CFO Tim Pullen comments on the company’s trading update for the six months ended June 2020. He begins with an overview, then gives more detail on the demand drivers in both the wireless and photonics sectors, and comments on whether inventory building has been a significant factor in either sector. He concludes with some thoughts on the impact a global recession caused by the coronavirus pandemic could potentially have on IQE.
IQE is the leading supplier of epitaxial compound semiconductor wafers globally. The principal applications include radio frequency semiconductors, devices for optical networks, vertical cavity lasers, infrared semiconductors and power electronics.