Iqe of Cardiff Becomes the Market Leader in the Technology Behind 3gphones

Summary


TECHNOLOGY venture IQE has bucked the economic downturn, reporting a boost in sales and profits in the first half of the year.

The Cardiff-headquartered supplier of advanced wafer products and wafer services said its sales in the first six months of 2008 were up 27% to pounds 30.2m from pounds 23.7m the year before. Its gross profit was also up by 42% to pounds 5.5m.

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Iqe of Cardiff Becomes the Market Leader in the Technology Behind 3gphones

IQE said that growth was largely down to continuing focus on high- speed wireless communications.

The company's Gallium Arsenide (GaAs) product...

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