Whilst the first half pre close trading update didn’t contain the possible 2018 upgrades we were hoping for (we still think it probable there will be upgrades later in the year when management have more of the second half production under their belts) they did show very resilient performance across the group. This brief update focuses mainly on two things: the Wireless communication division and a possible future LIDAR option for IQE in connected cars which would fall in the photonics division.
Wireless business
In 2017 IQE's (IQEPF) Wireless revenue was £91.6m and assuming