Sweep away the froth from speculation that it may be providing a component in Apple’s hottest iPhone and IQE (IQE) has returned to its roots as a serial 'under-deliverer'. Listed in the UK since 2000, the semiconductor specialist took nearly two decades to provide any exciting news for its investors, and even then it was unable to either confirm or deny that its hyper-efficient VCSEL wafers were being used in the iPhone X. The share price has fallen 44 per cent from November’s highs and half-year results did little to improve sentiment.
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