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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

IQE trades in line with expectations during H1

(Sharecast News) - Semiconductor group IQE said on Tuesday that trading has been in line with internal expectations throughout the six months ended 30 June. IQE stated H1 revenues was expected to be at least £65.0m, representing a year-on-year increase of at least 25% and half-on-half growth of roughly 3% from H223.

The AIM-listed group expects to report its interim results on 10 September.

Chief executive Americo Lemos said: "I am pleased with the performance we have delivered for H1, in an industry which will remain in recovery throughout 2024. As markets correct at varying paces, we remain confident in our diversification strategy which will enable us to take advantage of the growth opportunities ahead."

As of 1240 BST, IQE shares were up 1.79% at 31.20p.

Reporting by Iain Gilbert at Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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