Compound semiconductor manufacturer IQE has been chosen by Motorola to produce the first of a new generation of chips, which could cut the cost of optical networking equipment and communication devices. And it has agreed to take a $10 million stake in IQE, with an option over a further $10 million. William Davidson reports.
IQE is reaping the benefits of increasing demand for mobile phones and other wireless products. After years of rebuilding turnover, the company is finally on course to move into profit in 2007.
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