UK’s IQE forecasts 2025 earnings boost from defence, AI demand

Jan 12 (Reuters) – British semiconductor ​wafer ‌maker IQE on ‌Monday said it expects its revenue ⁠and ‌adjusted core profit ‍for fiscal 2025 at the ​upper end ‌of its forecasts, with demand driven by markets ⁠including military ​and ​defence, AI, data centres, ‍and ⁠handsets.

(Reporting by Rishab Shaju ⁠in Bengaluru; Editing ‌by Janane ‌Venkatraman)