- Weaker end markets hit revenue
- Investment and cost cutting set foundations for future
For semiconductor maker IQE (IQE) it’s a case of balancing long-term prospects against short-term issues. Management is confident the chips that support 5G technology and 3D sensing applications will be in high demand as megatrends like the internet of things and the metaverse take hold of society. However, to get there, IQE must fight through recent headwinds linked to supply chain disruptions, geo-political crises and de-globalisation.