High demand helps IQE’s revenues

Chip semiconductor company IQE has reported that its second-half 2010 revenues and profits continued to show strong growth, as a result of higher demand for the companies speciality advanced semiconductor wafer products. The company, a leading manufacturer of advanced semiconductor wafers and related services to the semiconductor industry, indicated that revenues for companies second half should be more than 17 per cent higher than the first half ­– with full-year revenue growth of over 36 per cent on full-year sales of at least £71.7m, the company believes.