Chipmaker IQE raises annual sales growth forecast on AI, data centre demand

Reuters

Tue, July 21, 2026 astatine 1:35 AM CDT 1 min read

July 21 (Reuters) - UK semiconductor wafer shaper IQE connected Tuesday raised its ‌full-year gross maturation forecast aft its ‌first-half trading bushed expectations, driven by rising request ​for its semiconductor products utilized successful AI infrastructure and information centres.

Here are immoderate details:

• IQE upgraded its 2026 gross maturation ‌forecast to supra ⁠30%, from 20% antecedently and said halfway nett would scope ⁠the low-teens millions of pounds.

• The institution said request for its Indium Phosphide solutions, ​a cardinal ​component successful ​optical photonic products utilized ‌in AI infrastructure and information centres, accelerated successful the archetypal fractional and would stay beardown done the remainder of the year.

• The improved outlook was besides ‌supported by spot successful ​the aerospace and defence ​market, alongside ​robust request for 3D sensing ‌and wireless products.

• IQE expects ​first-half gross ​of astatine slightest £64 million($86 million), with trading during the archetypal fractional exceeding ​management expectations ‌across each halfway businesses.($1 = 0.7439 pounds)

(Reporting ​by Atharva Singh successful Bengaluru; Editing ​by Nivedita Bhattacharjee)