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

Topped up again this morning

@79p and going north !!

@83p

[PDF]IQE Imperial Park Newporthttp://[PDF]IQE Imperial Park Newport

http://documents.newport.gov.uk/Northgate.WebSearch/.../Download.aspx?ID=5235471

is this the link you want?

IQE Imperial Park Newport

yes , thanks skinny !

now we know why the recent strength ......

THERE IS EMERGING speculation that technology designed by compound wafer company IQE could feature in the new Apple smartphone, the iPhone 8. If true, this could have substantial earnings implications for the company, and possibly see the share price more than double from current 87.25p levels to 185p, according to broker Peel Hunt.
Cardiff-based IQE designs advanced semiconductor wafers used in many emerging applications,from infrared sensing to laser-based photonics. Rumours imply that
the iPhone 8, expected to launch sometime in the autumn, will feature 3D sensing and gesture recognition functionality based on vertical cavity surface-emitting laser technology (VCSEL), in which IQE is believed to be a world leader.
If proven and ‘the upcoming iPhone launch is successful, it is also highly likely that we would upgrade our forecasts substantially,’ states Andrew Shepherd-Barron, an analyst at Peel Hunt.
In 2016 Apple sold 211.9m iPhones and it has shifted another 129.1m handsets year-to-date, according to data supplied by Statista.
Having worked through several scenarios, Shepherd-Barron believes his year to 31 December 2018 earnings per share (EPS) estimate of 3.4p could soar as high as 15.4p on a best case basis.
His mid-point forecast is 6.2p, on which the 2018 price to earnings (PE) multiple would stand at 14.1, or 16.1-times based on the analyst’s 100p target price.
At the time of writing IQE was unable to confirm or deny the speculation.

Topped up again.

Nice!😊

Excerpt from the Welsh Assembly:-

The Record of Proceedings
21/06/2017

Adam PriceBywgraffiadBiography
If we could move, finally, to another major project, could the Cabinet Secretary update us on the compound semiconductor foundry and cluster project announced as part of the Cardiff city region city deal? I understand that the city region team are in negotiation with your own property team over the acquisition of the packaging and testing building on the old LG site, which has been empty since 1996. Now, this project, linked as it is, according to industry sources, with a major IQE contract for its vertical-cavity cell technology, which will be intrinsic to the 3D sensing camera in the new iPhone 8 has huge potential—transformative potential—for the Welsh economy. I’m told that haggling and foot-dragging by Government over the terms of the acquisition of this empty building has meant the company has now had to prepare a plan B, which would involve manufacture at its facilities in North Carolina, with a consequent loss, potentially, of thousands of jobs to the Welsh economy. The fourteenth of July—the next meeting of the Cardiff city region Cabinet—is the absolute deadline for a decision. So, can the Cabinet Secretary assure us it’s a deadline that we will absolutely not miss?

Ken Skates Bywgraffiad Biography

This is one of the most important projects on my desk at present. It’s a huge opportunity, not just for Newport, not for the city region, but for the whole of Wales. This represents our move, our transition, to the economy of the twenty-first century, where automation, where robotics, where information technology will become ever more important. My officials are in contact with IQE, but I am personally as well, with a view of ensuring that this incredible opportunity is delivered for Newport and for the rest of Wales."

Landing a huge contract with a tech titan is surely the stuff of dreams for most small-cap firms, not to mention the latter’s investors. That dream may be about to become reality for Cardiff-based IQE (LSE: IQE) — a leading global supplier of advanced semiconductor wafers. There is growing speculation that the AIM-listed business will shortly announce a deal with Apple (NASDAQ: AAPL.US) that will see its technology feature in the Cupertino-based behemoth’s latest incarnation of the iPhone, due for launch in September.
Having your products in what is likely to become the most coveted gadget going can’t be bad for business...

http://www.fool.co.uk/investing/2017/06/26/a-deal-between-apple-inc-and-this-promising-small-cap-stock-could-help-you-retire-early/

Topped up again
more news on the way.

An interesting patent pending!

"The QR-SPLED industry partners are CST Global and IQE."

CST ?

CST Global

Trading Statement & Notice of Results


Strong growth in H1 revenues marks the start of increased VCSEL wafer demand for mass-market consumer applications, and triggers a capacity expansion to meet higher levels of expected demand in H2 2018.

Cardiff, UK. 20th July 2017: IQE plc (AIM: IQE; "IQE", the "Group"), the leading global supplier of advanced wafer products and wafer services to the semiconductor industry, provides a trading statement for the six months ended 30 June 2017.

The Group announces that it expects to deliver revenues of c. £70m for the first half, reflecting increased sales in each of its three primary markets. Notably, photonics continued to deliver strong double-digit growth, enjoying the early phase of a significant ramp in VCSEL wafer supply for mass market consumer applications. As a result, overall wafer sales are expected to grow by c.16% against H1 2016. This has also been supplemented by c. £1m of license income (H1 2016: £3.5m).

The Group enjoys a broad range of end market drivers, which are increasing the diversity of its wafer sales. The Group is engaged in a range of programmes which provide significant upside potential to its near and mid-term growth expectations. These include VCSEL, GaN for RF and power, full service DFB wafers, InfraRed and cREO(TM). The start of the mass-market ramp for VCSEL wafers marks an inflection point in the commercialisation of this technology. The Group has secured multiple, multi-year contracts for this VCSEL ramp which reflects its strong competitive advantages including its technology leadership and its proven track record in delivering wafers into high volume consumer markets. As a result, the Board has now approved a capacity expansion plan to meet higher levels of expected demand for H2 2018 than previously anticipated. This follows increased investment during H1 2017 in operating costs, product development and working capital to help position the Group for the expected ramp and meet higher levels of growth in H2 of 2017.

As part of its expansion plan the Group announces that it has agreed a heads of terms for the lease of a new premises in South Wales. The lease is with the Cardiff City Region, which has a goal of supporting the development of the Compound Semiconductor Cluster in South Wales. This lease provides the infrastructure needed for IQE's expansion in a highly cost effective manner. The lease is for 11 years, and provides IQE with an option to extend the lease or purchase the freehold. In parallel, the Group has placed orders for new MOCVD equipment.

Following the devaluation of sterling in June 2016, currency provided a tailwind of c.10% year on year, however the impact is largely presentational as the majority of the Group's costs are also denominated in foreign currency.

Notice of Results

The Group expects to report its half-year results for 2017 on 5th September 2017.

Dr Drew Nelson, Chief Executive of IQE, said:

"The first half of 2017 has been a very exciting time for the IQE Group. Overall, all business units have progressed in line with expectations, although the Photonics unit has been the stand out with continued strong double digit growth, accelerating towards the end of the first half. The Group has multiple high growth opportunities ahead, and in order to ensure future capacity is in place in a timely fashion to address H2 2018 and subsequent demand, we have announced an MOU with Cardiff City Region to secure operational facilities in a highly cost effective arrangement, together with initial orders for increased MOCVD capacity. In light of recent progress and its increasingly confident outlook, the Board expects the Group will now exceed market expectations for the full year and whilst it remains early into the start of the mass-market adoption of our technology, it is possible that with the current contract momentum, a more significant upgrade to current market expectations could be delivered for 2018."

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Peel Hunt Buy 92.88 100.00 105.00 Reiterates

In auction with a quid beckoning.

one of my sipp star performers
only bought in feb and march this year and currently +80%

I'm up over 300% on my SIPP holding and just closed a S/B for +23.