IQE PLC - Cardiff, Wales-based semiconductor wafer products - Notes it developed the first commercially available 200-millimetre vertical cavity surface-emitting laser epi wafer. Says it will enable a step-change in unit economics for compound semiconductors, leading to an expansion of the market for IQE. Adds that it is based on the company’s patented 200mm technology for wireless and photonics compound semiconductor applications.

‘This advancement will expand the market for both wireless and photonics applications and service the growing demand for compound semiconductors as macro trends such as 5G and the metaverse proliferate and capture more value for our technology,’ Chief Executive Americo Lemos comments.

Current stock price: 32.25 pence, up 13% on Wednesday

12-month change: down 40%

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