UK's IQE swings to first-half profit and sees more AI data centre upside
British chip maker IQE reported a first-half profit, supported by strong AI demand. The company maintained its annual outlook, exceeding earlier expectations. IQE plans to move its shares to London's main market by 2027. Increased demand for indium phosphide will lead to manufacturing capacity expansion. Long-term agreements with key customers are strengthening IQE's revenue base.
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