Complex supply chains and high fixed costs see analysts slash earnings hopes
Thursday 27 Jun 2019 Author: Steven Frazer
Analysts have slashed earnings forecasts by more than half for compound semiconductor wafer technology designer IQE ( IQE:AIM ) . The Cardiff-based company last week warned of an escalating squeeze on orders as the fallout from the US ban on Huawei rumbles on. This follows an increasingly sharp decline in smartphone handset volumes worldwide as the US and Chinese authorities lock horns over global trade and intellectual property rights...