Daily Mail

STOCK WATCH

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■ SEMICONDUC­TOR wafer-maker IQE warned fewer customer orders would hit revenues this year.

The Cardiff-based group said weaker demand has led to customers reducing the quantity of stock they held, meaning revenues for the first six months of 2023 should be £30m less than the same period a year earlier.

Business should pick up during the second half of 2023, IQE added.

Shares tumbled 38pc, or 17.75p, to 29p.

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