Qualcomm news hits IQE shares

Simon Thompson

Simon Thompson
Qualcomm news hits IQE shares

Shares in IQE (IQE: 29p), a global supplier of advanced wafer products to the semiconductor industry, slumped as much as 16 per cent in early trade this morning after Qualcomm, a leading broadband and applications processor vendor in the wireless market, launched a front end silicon-based radio frequency (RF) module to support 3G and 4G phones. Share prices of IQE’s key customers (RFMD, Skyworks and Triquint) all fell on the news yesterday.

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