Published: May 28, 2026 at 8:50 am
IQE plc has raised £81 million, including substantial strategic investment from a US semiconductor firm, as revenue falls and losses deepen.
The Cardiff-based company is a supplier of compound semiconductor wafer products and advanced material solutions.
Following the conclusion of a strategic review, IQE announced a £45m strategic investment from MACOM Technology Solutions Inc. in the form of £30m of equity and £15m in new non-interest bearing convertible loan notes.
Concurrently, IQE and MACOM also entered into long-term supply agreements while the latter’s COO Robert Dennehy and vice president David O’Carroll will be appointed as non-executive directors of IQE.
The remainder of the fundraise comprised a £23m redemption and reinvestment of convertible loan notes by existing noteholders, as well as a £13m placing and retail offer.