💨 Abstract
IQE, a British semiconductor wafer maker and Apple supplier, announced a strategic review of its assets, including the potential full sale of its Taiwan operations, due to a weaker-than-expected sector recovery and challenging financial environment. The company's revenue is not expected to grow this year. IQE's shares dropped 15% following the announcement.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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