AdvertisementAdvertisementBusiness21 Jul 2026 02:35PM (Updated: 21 Jul 2026 02:46PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST July 21 : UK semiconductor wafer maker IQE on Tuesday raised its full-year revenue growth forecast after its first-half trading beat expectations, driven by rising demand for its semiconductor products used in AI infrastructure and data centres.Here are some details:• IQE upgraded its 2026 revenue growth forecast to above 30 per cent, from 20 per cent previously and said core profit would reach the low-teens millions of pounds.• The company said demand for its Indium Phosphide solutions, a key component in optical photonic products used in AI infrastructure and data centres, accelerated in the first half and would remain strong through the rest of the year.Show MoreShow Less• The improved outlook was also supported by strength in the aerospace and defence market, alongside robust demand for 3D sensing and wireless products.• IQE expects first-half revenue of at least £64 million($86 million), with trading during the first half exceeding management expectations across all core businesses.($1 = 0.7439 pounds)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST