IQE plans share placing

IQE is set to raise £53m in a share placing on the London Stock Exchange. The compound semiconductor wafer manufacturer was formed in April 1999 by a merger of Quantum Epitaxial Designs of Pennsylvania and Cardiff-based EPI. Its wafers are used in mobile phones, electronic billboards and DVD players.

IQE is set to raise £53m in a share placing on the London Stock Exchange. The compound semiconductor wafer manufacturer was formed in April 1999 by a merger of Quantum Epitaxial Designs of Pennsylvania and Cardiff-based EPI. Its wafers are used in mobile phones, electronic billboards and DVD players.