IQE Eyes 20% Revenue Surge Amid AI Boom Despite Tough Year
Hamid Siddiqui
News
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IQE anticipates over 20% revenue growth in 2026, driven by skyrocketing AI data center demand for its semiconductor materials. The company faced an 18% revenue drop in 2025, exacerbated by a slump in wireless chip sales. Photonics revenue rose 15% due to increased US defense funding. A recent £81m cash infusion supports future capacity. CEO Jutta Meier highlighted the strategic importance of IQE's products in the tech ecosystem.