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IQE PLC on Monday said it is widening its strategic review to ‘incorporate the potential sale of the company’ as it continues to grapple with weak wireless markets. The Cardiff-based supplier of advanced wafer products for the semiconductor industry, which started the review in November, said it is in receipt of an approach from a potential offeror but added there can be no certainty either that an offer will be made nor as to the terms of any offer. Talks continue with ‘multiple’ parties for the sale of its Taiwan operations, it said. If concluded, IQE expects the proceeds to fully repay the revolving credit facility, and convertible loan notes issued in March, as well as providing cash to invest in core operations. In addition, IQE said it has continued to experience weakness in wireless markets, largely as a result of softness in mobile handset sales, and this is expected to persist through 2025. In addition, delays to federal funding cycles in US military and defence sectors are resulting in the deferral of orders into 2026, the firm said. Shares fell 8.2% to 7.89 pence each in London on Monday. IQE expects revenue for 2025 to be between £90.0 million to £100.0 million. This will result in an adjusted earnings before interest, tax, depreciation and amortisation outcome ranging from a £5.0 million loss and £2.0 million profit. In 2024, revenue totalled £118.0 million and its adjusted Ebitda amounted to £8.1 million. First half revenue is expected to be at least £44.0 million with an adjusted Ebitda loss of £0.4 million. Panmure Liberum Harvey Robinson analyst had expected revenue of around £52 million for the first half and £115 million for the full-year and Ebitda of £8 million. IQE said it will report interim results on September 23. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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