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IQE hammered by Trump trade war

IQE hammered by Trump trade war

IQE (IQE) shares plunged nearly 40 per cent in morning trading, after the escalating toll of the US-China trade war forced the UK semiconductor specialist to slash its revenue and profit margin guidance for the year. The cut to expectations comes against a backdrop of deep uncertainty for industrial businesses with exposure to China, and Chinese consumer electronics giant Huawei in particular.

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