Apple Supplier IQE Considers Sale After Earnings Downgrade Amid Weak Mobile Demand

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2025-09-08 17:46:02

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IQE Plc, a key supplier of semiconductor wafers for Apple's facial recognition technology, plunged to multiyear lows after slashing earnings guidance and exploring strategic alternatives. The Cardiff-based firm saw shares drop 9% to 7.82 pence as weakening smartphone demand compounds U.S. tariff pressures on chip components.

The company warned of persistent softness in wireless communication components through year-end, prompting plans to shift production stateside. This aligns with broader industry trends as manufacturers navigate the TRUMP administration's tariff regime designed to onshore semiconductor capacity.

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