British Chip Parts Maker IQE Plans IPO for Taiwan Business
3 Sources
3 Sources
[1]
British chip parts maker IQE plans IPO for Taiwan business
IQE Plc said on Wednesday that it is planning an initial public offering (IPO) for its Taiwanese business on the Taiwan Stock Exchange, sending shares in the British chip components maker more than 8% higher. The company, which specialises in 'epi-wafers' used in facial recognition sensors in Apple's iPhones has been benefiting from strong demand due to an AI boom and a growing share of the market in China. IQE said it intends to list IQE Taiwan on the TWSE and sell a minority shareholding through a public offering and plans to retain control of IQE Taiwan. "A successful IPO of IQE Taiwan will allow us to maximise the value of our asset," CEO Americo Lemos said. The offering will be a two-stage process, with the initial phase of listing on the Emerging Market Board expected in the first-half of 2025, IQE said. Brokerage Peel Hunt said the proposed minority sale on the TWSE, which it believes is one of the more profitable entities within the group, would help fund the group's growth strategy, while retaining its global clients and footprint. "We also believe this IPO makes IQE much more nimble ahead of potential geopolitical storms - in effect providing both a risk hedge and a growth vector," Peel Hunt analysts added in a note. IQE has engaged Taishin Securities as its financial advisor for the IPO. The company last week said it was expecting its first-half revenue to rise by at least 25%. (Reporting by Shanima A in Bengaluru; Editing by Savio D'Souza, Sonia Cheema and Louise Heavens)
[2]
British chip parts maker IQE plans IPO for Taiwan business
July 31 (Reuters) - IQE Plc said on Wednesday that it is planning an initial public offering (IPO) for its Taiwanese business on the Taiwan Stock Exchange, sending shares in the British chip components maker more than 8% higher. The company, which specialises in 'epi-wafers' used in facial recognition sensors in Apple's iPhones has been benefiting from strong demand due to an AI boom and a growing share of the market in China. IQE said it intends to list IQE Taiwan on the TWSE and sell a minority shareholding through a public offering and plans to retain control of IQE Taiwan. "A successful IPO of IQE Taiwan will allow us to maximise the value of our asset," CEO Americo Lemos said. The offering will be a two-stage process, with the initial phase of listing on the Emerging Market Board expected in the first-half of 2025, IQE said. Brokerage Peel Hunt said the proposed minority sale on the TWSE, which it believes is one of the more profitable entities within the group, would help fund the group's growth strategy, while retaining its global clients and footprint. "We also believe this IPO makes IQE much more nimble ahead of potential geopolitical storms - in effect providing both a risk hedge and a growth vector," Peel Hunt analysts added in a note. IQE has engaged Taishin Securities as its financial advisor for the IPO. The company last week said it was expecting its first-half revenue to rise by at least 25%. (Reporting by Shanima A in Bengaluru; Editing by Savio D'Souza, Sonia Cheema and Louise Heavens)
[3]
British chip parts maker IQE plans to list Taiwan unit
Chip parts maker IQE specialises in 'epi-wafers' used in facial recognition sensors for Apple's iPhones. The company has benefited from strong demand for its wafers amid an AI boom and a growing market share in China. It has engaged Taishin Securities as its financial adviser for the IPO. British chip components maker IQE Plc said on Wednesday that it is planning an initial public offering (IPO) for its Taiwan unit on the Taiwan Stock Exchange (TWSE). The company, which specialises in 'epi-wafers' used in facial recognition sensors in Apple's iPhones, said it intends to list IQE Taiwan on the TWSE and sell a minority shareholding through a public offering. The London-listed firm plans to retain control of IQE Taiwan. "A successful IPO of IQE Taiwan will allow us to maximise the value of our asset," CEO Americo Lemos said. The offering will be a two-stage process, with the initial phase of listing on the Emerging Market Board expected in the first-half of 2025, IQE said. IQE, which has benefitted from strong demand for its wafers amid an AI boom and a growing market share in China, has engaged Taishin Securities as its financial advisor for the IPO.
Share
Share
Copy Link
IQE, a British semiconductor company, announces plans to list its Taiwan unit on the Taipei Exchange. The move aims to capitalize on the growing demand for compound semiconductors in Asia.
IQE Announces Plans for Taiwan IPO
British semiconductor company IQE has revealed its intention to list its Taiwan business on the Taipei Exchange, marking a significant move in the global chip industry. The company, which supplies wafer products for chips used in Apple's iPhones, is looking to capitalize on the growing demand for compound semiconductors in Asia
1
.Strategic Expansion in Asia
IQE's decision to list its Taiwan unit comes as part of its broader strategy to expand its presence in the Asian market. The company has been operating in Taiwan since 2005 and has established itself as a key player in the region's semiconductor industry
2
.Timing and Market Conditions
The planned initial public offering (IPO) is expected to take place within the next 12 to 18 months, subject to market conditions. IQE's move comes at a time when the global semiconductor industry is experiencing heightened demand and increased focus on supply chain resilience
3
.Financial Implications and Ownership
While the exact size of the IPO has not been disclosed, IQE has stated that it intends to remain the majority shareholder of the Taiwan business post-listing. This approach allows the company to maintain control while potentially unlocking value for shareholders and raising capital for future growth
1
.Market Reaction and Future Prospects
The announcement of the planned IPO has been well-received by investors, with IQE's shares rising by 8% following the news. This positive reaction reflects market confidence in the company's strategic direction and the potential of its Taiwan operations
2
.Related Stories
Industry Context and Implications
IQE's move comes amid a broader trend of increased investment and focus on semiconductor production, particularly in Asia. The company's decision to list its Taiwan unit could potentially strengthen its position in the region and enhance its ability to serve key customers like Apple
3
.Compound Semiconductors and Future Technology
As a specialist in compound semiconductors, IQE is well-positioned to benefit from the growing demand for advanced chip technologies. These semiconductors are crucial for emerging applications in 5G, artificial intelligence, and other cutting-edge technologies, making IQE's expansion in Taiwan strategically significant
1
.References
Summarized by
Navi
[2]
[3]
Related Stories
Weekly Highlights
Weekly Highlights
Today's Top Stories
Your Daily Dose of Curated AI News
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.
