IQE plc, a global supplier of compound semiconductor wafer products and advanced material solutions, has raised a combined £81 million.

The Cardiff firm closed a placing and retail offer raising an aggregate of £13m and has also raised investment from MACOM as well as reinvesting existing convertible loan notes.

 The fundraising is conditional on the passing of resolutions by shareholders on 15th May 2026 and on MACOM obtaining clearance.