IQE is the leading global outsource supplier of customized epitaxial wafers to the semiconductor industry.

Their technology is of most advanced like AFM means Atomic Force Microscopy and moves a minuscule cantilever over an objects surface, a sharp tip passes over dips or rises punched in the surface and reads out digital information. This technology is not going to slow down it is going to speed up and has to replace most existing forms of memory storage by virtue of capacity and size.

The future of nano-technology, these tiny/minute robots would need very small processors and most sure strained silicon could provide these.

The low share price is due to uncertainty as to when the cash will run out, but I don't think this will happen as cash is of 12 to 15M and NAV of 30p, and losses are going to drop on the next 3 month and we could have profits on the Q4 2004.

Latest news from the Chairman were" The Group remains confident that it is in a strong position within the outsourcing market, although the protection of its cash position is paramount.
With a broad product portfolio allowing the customer base to use IQE as a 'one stop shop', a large available production capacity and a strong balance sheet, the Board believes the Group will benefit strongly as the overall semiconductor industry recovers and will continue to strengthen its position as the leading outsource supplier of advanced wafer products to the sector. "

Nearly all the recent results have been encouraging. Q4 accounts are being completed (30th Dec 2002). IQE know where they stand, if things had got worse their would have been a trading statement by now, and with Amberwave (IQE's partner) increasing its Asian presence, this is a bullish trend and a good point to pick up the shares @ 4.25p

Intraday

5 month MA and Indicators

As you say Goldfinger "Cheap as chips" Iva got plenty all wraped up.

All you need then is the forthcoming fish. he he.

And let us hope that it is a whale and not a carp!

IQE interim management statement dated 25/7/12 indicated revenues of £34m ebitda £4m and debt of <£8m for the half year to 30/6 2012.

he he.......hey carp is considered a delicacy in china.

Broker brief late yesterday....

13 Sep IQE PLC IQE Espirito Santo Execution Noble Buy 26.00 25.75 40.00 40.00 Reiterates

40p SP target.

On Wednesday it will be the turn of semiconductor wafer products specialist IQE to reveal interim results, and after July's Trading statement, we shouldn't be in for any shocks. The firm is expecting to report around £34m in first-half revenues and to extract EBITDA of about £4m from that. Net debt is forecast to come in around £8m, and the board said they were confident about meeting full year expectations.

With the shares trading at 26.5p, current forecasts suggest a P/E of around 17, which is a bit above the market average of around 14. But this is a small growth company with a market cap of only £160m, so it could look cheap from that perspective. In fact, 2013 forecasts suggest a 50% growth in earnings, bring the P/E down to 11, and we should be on for the start of dividend payments.

This looks like a high-tech possibility to me.

IQE plc : IQE secures major order for advanced ...
HUG
Cardiff, UK, 4 December 2012: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, has received its first single order valued at more than £1 million for advanced laser wafers to enable a new generation of fibre-optic communications devices.

This order is to be delivered during the first half of 2013 with further significant follow-on orders expected, driven by strong demand in China for datacentre applications and infrastructure build out. The wafers will be produced at IQE's Cardiff manufacturing facility utilising its state-of-the-art 100mm InP platforms.

Optical interconnects are on the brink of rapid growth driven by strongly increasing demand for "big data" applications across data centres, fibre-to-the-home (FTTH), backbone interconnection of 4G/LTE base stations and active optical cable (AOC) interconnects between computers and peripheral consumer electronic devices, to replace current copper USB2 cables.

Dr Drew Nelson, President and CEO of IQE, said:

"IQE has established a clear leadership position in the design and supply of advanced semiconductor wafers for a wide range of optoelectronic applications. This latest order for a new range of low-cost, high-performance optical fibre components marks a key milestone in the adoption of optical interconnects for a range of high volume applications."

CONTACTS:

IQE plc (+44 29 2083 9400)
Press/Investors: Chris Meadows
Technical: Dr Wynne Jones

Note to Editors

IQE is the leading global supplier of advanced semiconductor wafers with products that cover a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers.

IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor wafers ('epi-wafers') to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms.

IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as mobile handsets and wireless infrastructure, Wi-Fi, WiMAX, base stations, GPS, and satellite communications; optical communications. The Group also manufactures advanced optoelectronic and photonic components such as semiconductor lasers, vertical cavity surface emitting lasers (VCSELs) and optical sensors for a wide range of applications including optical storage (CD, DVD, BluRay), thermal imaging, leading-edge medical products, pico-projection, finger navigation ultra-high brightness LEDs, and high efficiency concentrator photovoltaic (CPV) solar cells.

The manufacturers of these chips are increasingly seeking to outsource wafer production to specialist foundries such as IQE in order to reduce overall wafer costs and accelerate time to market.

IQE also provides bespoke R&D services to deliver customised materials for specific applications and offers specialist technical staff to manufacture to specification either at its own facilities or on the customer's own sites. The Group is also able to leverage its global purchasing volumes to reduce the cost of raw materials. In this way, IQE's outsourced services, provide compelling benefits in terms of flexibility and predictability of cost, thereby significantly reducing operating risk.

IQE operates nine facilities located in Cardiff (two), Milton Keynes and Bath in the UK; in Bethlehem, Pennsylvania, Somerset, New Jersey, Greensboro, North Carolina and Spokane, Washington in the USA; and Singapore. The Group also has 11 sales offices located in major economic centres worldwide.

IQE plc : Key CPV Solar Technology Process Tran...
HUG
Cardiff, UK. 6 December 2012. IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, today announces the achievement of several key technology transfer milestones that represent highly significant progress in its commercial relationship with Solar Junction.

In February 2012, IQE announced an exclusive manufacturing and technology transfer agreement with Solar Junction and laid out a series of milestones. These milestones were designed to culminate in the delivery of full 3Junction (3J) structures to Solar Junction based on successful installation and commissioning of customized production scale MBE tools, and subsequent technology transfer from Solar Junction. Completion of this was planned for the fourth quarter of 2012.

IQE and Solar Junction are pleased to announce the successful completion of these milestones and the delivery of full 3J wafers using the transferred process to Solar Junction. Commercial production is expected to begin in the first half of 2013, initially with customer product qualification quantities, moving to volume production in the second half of the year.

Independently, Solar Junction has successfully qualified its cells to full IEC specifications with several customers, and is strongly engaged with all leading CPV systems houses.

Dr Drew Nelson, IQE Chief Executive, said:

"Our deal with Solar Junction earlier this year will significantly accelerate our well established CPV strategy and position us to become the key epiwafer supplier to the CPV market. The combination of Solar Junction's core materials IP and technology, with its recently improved world record efficiencies of 44%, together with our own IP and manufacturing capabilities, provides a compelling route to significantly higher cell efficiency and cost effective, high volume production for the CPV industry.

"That combination is now all but complete and we are on track to move to commercial volume production during 2013.

"As we approach the end of our financial year, we are also confident that we will meet our earnings expectations. The transformational deals completed with Solar Junction and RFMD earlier this year are highly complementary and position the Group for accelerating growth in rapidly expanding markets."

IQE will chip in big returns

You won’t have heard of IQE, but the chances are high that you use its products every day. The group makes a key component of microchips called Gallium Arsenide, which allows chips that contain it to run faster and consume less power.


With demand for higher efficiency and faster connections growing, IQE is likely to see its products in strong demand. It also supplies the same material to solar panel manufacturers. Shares are currently at 28.5p, and have risen more than 40 per cent in the last 12 months.


Analysts say it could easily put on another 60 per cent this year – with the potential for even bigger gains if Intel comes along with its chequebook.


Read more: http://www.thisismoney.co.uk/money/markets/article-2254395/2013-SHARE-TIPS-The-Mails-city-reporters-reveal-picks-coming-year.html#ixzz2GX0XF8si
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Bought in last week, daily mail share tip for 2013.
">http://

Now over 30 p on good volume.

closed up 7.89%

Nice end to 2012 and a good start for the new year. Surge may well be due to employees of Daily Mail on a short term profit basis. I am a long time holder and feel confident about the future.

IQE plc : Acquisition of Kopin Wireless for $75...
HUG
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN, THE REPUBLIC OF IRELAND OR SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

Acquisition of Kopin Wireless for $75 million, placing to raise £16.5 million and trading update

Cardiff, UK. 10 January 2013. IQE plc (AIM:IQE, "IQE", the "Company" or the "Group"), has agreed to acquire the compound semiconductor ("CS") epiwafer manufacturing business ("Kopin Wireless") of Kopin Corporation ("Kopin") for total consideration of $75 million in cash (the "Acquisition").

Kopin Wireless is the leading global manufacturer of heterojunction bipolar transistor ("HBT") materials which are used in power amplifiers ("PA"), a key wireless component in mobile devices. These are produced using Metal Organic Chemical Vapour Deposition ("MOCVD") epitaxial wafer technology.

Acquisition highlights:

$60 million payable in cash ("Initial Consideration") to Kopin on completion of the Acquisition ("Completion") and $15 million payable in cash to Kopin on the third anniversary of Completion ("Deferred Consideration")
Significantly extends IQE's market share and leadership in wireless industry supply and delivers a market leading position in MOCVD HBT
Builds substantially on IQE's risk mitigation strategy in wireless - adding Skyworks Solutions, Inc. ("Skyworks"), which has a long standing supply agreement with Kopin Wireless, as a major customer
Taiwan manufacturing facility adds to IQE's global manufacturing footprint and will provide the Group with a strong position to access the growing Asian semiconductor market
Attractive terms - earnings enhancing from 2013 financial year onwards
Significant cost synergies of at least £7 million per annum expected from 2014
Acquisition financing:

New banking facility with HSBC for $40 million
$20 million will be funded from the £16.5 million proceeds of the Placing (defined below)
Organic cash flow to pay the Deferred Consideration of $15 million payable in January 2016
Placing

IQE intends to raise approximately £16.5 million through a placing by the Joint Bookrunners, Espirito Santo Investment Bank and Canaccord Genuity Limited, of 56,900,961 new ordinary shares ("Placing Shares") at a price of 29 pence per Placing Share (the "Placing Price") (the "Placing")
The Placing Shares represent approximately 8.82 per cent. of the Group's enlarged share capital following Admission (defined below)
The Placing Price represents a discount of approximately 0.85 per cent. to the closing mid-market price of IQE's ordinary shares of 29.25 pence on 9 January 2013, being the last practicable date before this announcement
The books for the Placing will open with immediate effect and are expected to close no later than 4.30 p.m. today
Trading update for 2012

For the year ended 31 December 2012, IQE expects revenue to be in the range of £87 million to £88 million, with earnings before interest, tax, depreciation and amortisation in the range of £16 million to £17 million and net debt as at 31 December 2012 of approximately £15.5 million.

Drew Nelson, CEO of IQE, said:

"This acquisition is our third key transaction in the past 12 months. It significantly enhances our scale and provides us with a highly complementary product line in the wireless space.

"The transaction marks another major step forward in our risk mitigation strategy, whilst significantly boosting our wireless market share. At the same time, it delivers excellent opportunities for additional business growth, particularly in Taiwan and from there into the Asian semiconductor market.

"This transaction will be a key driver of significant earnings and cash generation and also brings substantial financial and scale benefits. This will enable the Group to make significant cost savings from FY14 onwards and further underpins our leading position in the supply of wafers to the global compound semiconductor industry."

There will be an analyst conference call at 2.30 p.m.; please contact Lucy Moseley

Looks good

IQE in US$75mln acquisition of US wireless business
2:40 pm by John Harrington The Taiwan manufacturing facility adds to IQE's global manufacturing footprint and will provide the group with a strong position to access the growing Asian semiconductor market

Semiconductor wafer products provider IQE (LON:IQE) has unveiled the blockbuster acquisition it hinted at earlier this week.

The company is paying US$75mln in cash for Kopin Wireless, the compound semiconductor epiwafer manufacturing business of US technology firm Kopin.

IQE will pay Kopin US$60mln upfront, with a further US$15m due on the third anniversary of the deal’s completion.

Kopin Wireless is a big wheel in the business of power amplifiers, a key wireless component in mobile devices. The amplifiers are produced using metal organic chemical vapour deposition epitaxial wafer technology.

The acquisition will extend IQE’s market share in wireless industry supply and brings with it a Taiwan manufacturing facility.

IQE said the deal will enhance earnings from the 2013 financial year onwards, and should generate at least £7mln of synergies per year from 2014.

As trailed in its stock exchange announcement earlier this week, IQE is to tap the market to fund part of the cost of the acquisition.

IQE plans to raise around £16.5mln through a placing of shares at 29p a pop, a mere 0.25p below the mid-market closing price on the day before the acquisition was announced.

The newly issued shares represent around 8.82% of the issued share capital of the Welsh technology firm, as enlarged by the share issue.

IQE has also secured a new US40mln banking facility with HSBC, which, together with the funds from the placing, covers the upfront part of the Kopin Wireless purchase.

The $15mln payment due in January 2016 will be funded from organic cash flow.

“This acquisition is our third key transaction in the past 12 months. It significantly enhances our scale and provides us with a highly complementary product line in the wireless space,” said Dr Drew Nelson, chief executive officer of IQE.

“The transaction marks another major step forward in our risk mitigation strategy, whilst significantly boosting our wireless market share. At the same time, it delivers excellent opportunities for additional business growth, particularly in Taiwan and from there into the Asian semiconductor market,” Dr Nelson added.

The company revealed in today’s statement it expects 2012 revenue to come in at around the £87 - £88mln mark, which is a tad below the median forecast of £88.74mln among the investment analysts following the company.

Underlying earnings (EBITDA) are tipped to be in the range of £16mln to £17mln with net debt at the year-end of around £15.5mln.

The market liked the deal, and the shares shot up to 34.33p before ebbing to 32.9p, up 3.65p on the day.

IQE plc

Completion of Placing to raise £16.5 million

Cardiff, UK, 10 January 2013: IQE plc (AIM:IQE, "IQE", the "Company" or the "Group"), the leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, has successfully placed 56,900,961 new ordinary shares of 1p each ("Placing Shares") at a price of 29 pence per Placing Share raising gross proceeds of £16.5 million.

Further details of the Placing and the Group's acquisition of Kopin Wireless are set out in the announcement released earlier today.

Application has been made for the Placing Shares to be admitted to trading on AIM and it is expected that admission will take place at 8.00 a.m. on 15 January 2013 ("Admission").

The total number of ordinary shares of 1p each ("Ordinary Shares") in issue following the issue of the Placing Shares is 645,116,712, each of which carry voting rights of one vote per Ordinary Share. The Company does not hold any Ordinary Shares in treasury and so the total number of voting rights in the Company is currently 645,116,712.

Following Admission, the above figure of 645,116,712 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify an interest in, or change to an interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.

Drew Nelson, Chief Executive of IQE said:

"We are delighted that both existing and new institutional shareholders have strongly supported the fundraising and the acquisition of Kopin Wireless.

"This transaction will be a key driver of significant earnings and cash generation. It also brings substantial financial and scale benefits and underpins our leading position in the supply of wafers to the global wireless industry."

IQE shares soar on Kopin Corporation acquisition
Thu 10 Jan 2013

IQE - IQE

Latest Prices
Name Price %
IQE 34.75p +18.80%

FTSE AIM 100 3,303 +0.77%
FTSE AIM All-Share 735 +0.66%
Technology Hardware & Equipment 1,039 +3.44%

LONDON (SHARECAST) - UK semiconductor materials maker IQE gained on news it had agreed to buy a unit of Kopin Corporation to enhance its product line in wireless.

Shares soared 19.66% to 35.00p after the company said it would acquire compound semiconductor epiwafer manufacturing business Kopin Wireless for $75m.

Kopin Wireless manufactures heterojunction bipolar transistor materials which are used in power amplifiers, a key wireless component in mobile devices.

IQE expects earnings to increased on the back of the acquisition this year. In a trading update the company projected 2012 revenues of up to £88m with earnings before interest, tax, depreciation and amortisation up to £17m and net debt of approximately £15.5m.

Drew Nelson, Chief Executive Officer of IQE, said: "This acquisition is our third key transaction in the past 12 months. It significantly enhances our scale and provides us with a highly complementary product line in the wireless space.

"The transaction marks another major step forward in our risk mitigation strategy, whilst significantly boosting our wireless market share. At the same time, it delivers excellent opportunities for additional business growth, particularly in Taiwan and from there into the Asian semiconductor market.”

IQE to showcase at the London Innovators and Investors Forum

It is our pleasure to invite you to attend the forthcoming Innovators & Investors Forum on the 29th January 2013 at the Business Design Centre, London. This will be an exclusive invitation only event organised by Shares Magazine and Cenkos Securities.

As an active private investor, we are sure you would appreciate this unique opportunity to receive privileged access to 30 diverse, forward thinking and energetic technology companies at a single event.

Many of the exhibiting companies are currently involved in some very exciting projects in an effort to drive future growth, and development within their industries.

The event will be supported with an extensive conference program, including keynote speakers and company presentations.

We sincerely hope you are able to attend and that you find the experience both profitable and enlightening. Companies represented include:

1Spatial
Avanti Communications
Bango
Bond International Software Group
Brady
CML Microsystems
Corac
Cyan Holdings
eg Solutions
Energetix Group
eServGlobal
Forbidden Technologies
Fusion IP
Globo
incadea
InternetQ
IQE
KBC Advanced Technologies
Netcall
Optimal Payments
Plastics Capital
Probability
Quindell Portfolio
StatPro Group
WANdisco


Event time: 12.30pm to 5.30pm

Complimentary refreshments and luncheon provided

To register for this event please click here


CONFERENCE AGENDA AS AT 09.01.13
(To be updated once presentation speakers are confirmed)

12:30 Registration & Lunch

14:00 Keynote speaker - Richard Penny, Senior Fund Manager - Legal and General

14:15 Shares Magazine presentation - Russ Mould, Editorial Director

14:30 Company presentation - David Richards, President & CEO - WANdisco

14:45 Company presentation - Henrik Bang, CEO - Netcall

15:00 Company presentation - Marcus Hanke, CEO - 1Spatial

15:15 Company presentation - tbc

15:30 Coffee Break

16:00 Company presentation - Stephen Blundell, CFO - eServGlobal

16:15 Company presentation - David Baynes, CEO - Fusion IP

16:30 Company presentation - Stephen Streater, CEO - Forbidden Technologies

16:45 Company presentation - Charles Cohen, CEO - Probability

17:00 Company presentation - Simon Smith, Non-Executive Director - Cyan Holdings

17:15 Close

This agenda is subject to change and alterations

For further information, please visit our events page