January 25, 2019 / 7:22 AM / 6 months ago

IQE sees lower full-year earnings as supply disruptions weigh

Jan 25 (Reuters) - Semiconductor components maker IQE Plc expects lower full-year core earnings on slightly higher revenue, as it struggles with supply chain disruptions and short-term demand for a semiconductor laser.

“It is of course very disappointing that a substantial inventory correction in the first half of 2018 and the sudden disruption in a significant supply chain and short-term demand for VCSEL wafers in November materially impacted our expected 2018 revenues and profitability,” Chief Executive Officer Drew Nelson said in a statement on Friday. (Reporting by Karina Dsouza in Bengaluru; Editing by Anil D’Silva)

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