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UK chipmaker IQE posts half-year profit as AI infrastructure demand rises

From CNA · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency New plan
  • IQE reported adjusted core profit of £6 million for the six months ended June 30, compared with a £0.4 million loss a year earlier.
  • The Wales-based company said demand linked to AI usage, data-centre construction and defence helped offset an earlier electronics slowdown and disruption from US tariffs.
  • IQE maintained its full-year forecast and plans to seek a London Main Market listing, targeting completion in the first half of 2027.

British chip-components maker IQE has returned to half-year core profitability, helped by demand from artificial-intelligence infrastructure, data centres and defence customers.

The Wales-based company reported adjusted core profit of £6 million for the six months ended June 30, compared with a £0.4 million loss in the same period a year earlier. IQE said it had benefited from the boom in AI use and the resulting demand for equipment used to build data centres.

The improvement follows a slowdown in the wider electronics market and disruption linked to US tariffs. IQE said its positive momentum continued into the second half, after its first-half performance exceeded management expectations. The company reiterated its full-year forecast.

IQE is currently listed on London’s Alternative Investment Market. It said it intends to seek admission of its shares to the Main Market, with completion targeted for the first half of 2027.

About this summary

Originally published by CNA in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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