Sept 8 (Reuters) - British chips maker IQE said
on Monday it was considering a potential sale of the company,
and the Apple ( AAPL ) supplier also cut its full-year revenue forecast
as macroeconomic uncertainties weighed on growth.
IQE, which supplies the wafer products used in the iPhone's
facial recognition sensor, has been looking into moving some
production to the U.S., as part of efforts to mitigate the
impact of hefty tariffs on the semiconductor sector.
In August, U.S. President Donald Trump threatened 100%
tariffs on imports of semiconductors but said it would not apply
to companies that are manufacturing in the U.S. or have
committed to do so.
IQE, which has manufacturing sites in the U.S., Britain, and
Taiwan, is trying to diversify its supplier base, and has sought
to cut debt and boost growth. On Monday, it said it was in talks
with multiple parties for the sale of its Taiwan operations.
Cardiff-based IQE cut its 2025 revenue forecast to between
90 million pounds ($121.5 million) and 100 million pounds, down
from its prior expectation of 115.1 million-123 million pounds,
as it was also hurt by some contract delays.
It expects annual core earnings to come between a loss of 5
million pounds and a profit of 2 million pounds.
"The Group has continued to experience weakness in wireless
markets, largely as a result of softness in mobile handset
sales, and this is expected to persist through 2025," IQE said
in a statement.
Delays to federal funding cycles in the U.S. military and
defence sectors have also deferred orders into 2026, it added.
($1 = 0.7410 pounds)