compound semiconductor news digest
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IQE Year end trading update 19 Jan, 2010
IQE plc, the leading global supplier of generation in the second half of 2009. As a projection, high speed data communications
advanced semiconductor wafer products result, net debt is expected to be (broadband), and advanced optical
and services to the semiconductor industry, significantly better than market expectations storage.Dr Drew Nelson, IQE’s Chief
provides a trading update for the year at approximately £15m – a reduction of Executive, said: “We have demonstrated a
ended 31 December 2009. approximately £4m since June 2009. high degree of resilience through a
IQE’s strong second half performance challenging year. Proactive management
The Group experienced a strong second reflects increasing demand for Gallium protected the business through the
half recovery following the industry-wide Arsenide (‘GaAs’) wafers in the wireless downturn, without jeopardising our ability to
destocking that adversely impacted the first communications market, as well as a diverse respond when sales volumes recovered
six months of 2009. As a result, IQE range of high growth opto electronics strongly in the second half. “Despite the
expects to report full year 2009 results in markets. The growth in wireless is being economic turmoil, IQE has continued to
line with market expectations, despite the driven by a structural shift as GaAs-rich strengthen its market position by attracting
adverse currency impact of sterling smartphones enjoy a rapid increase in new talent and gaining new product
strengthening against the US Dollar in the popularity, and emerging economies qualifications to increase market share. “We
second half. such as the BRIC nations roll out 3G are making good progress in developing
networks to satisfy increasing demand for and commercialising key intellectual
Second half revenues are expected to be high-speed mobile internet and data property that will provide a competitive
45% higher than first half. With the benefit services. advantage and secure leading positions in a
of high operational gearing and stringent number of emerging high-growth markets
cost controls, IQE expects to report more The growth in optoelectronics is being including solar power, laser projection
than a threefold increase in second half driven by a diverse range of factors. systems and solid state lighting.
EBITDA from £1.9m in the first half, to Demand for solar cells and solid state
deliver a full year EBITDA of approximately lighting is growing in response to regulatory “The Board remains confident that IQE is
£8m. and environmental pressures. In contrast, well positioned to achieve continued growth
consumer and industrial demand is in sales, profits and cash flow in 2010.”
Continued tight control of working capital driving growth in a number of applications IQE expects to report its preliminary results
and capex delivered substantial free cash including ‘hands free’ gaming, laser on 24 March 2010.
MOCVD and LED market reports highlights Nichia as market leader - 28 Jan, 2010
Nichia has been pointed out as the HB LED 2010 and supply is unlikely to keep up, consultant and managing director of the
market leader by a new report into the creating an opportunity for new Organic LED Association. Nichia developed
growth of LEDs and MOCVD. A new report manufacturers and new tool makers,” said and commercialised the super HB blue LED
into the light emitting diode (LED) and Barry Young, IMS Research senior in 1993.
metal-organic chemical vapour deposition
(MOCVD) markets show that gallium nitride
and indium gallium have experienced
Rubicon Announce Fourth Quarter Earnings Results -
“record-breaking growth”.
28 Jan, 2010
The IMS Research study notes that the
2010 MOCVD reactor forecast of 348 units Rubicon Technology, Inc. (Nasdaq:RBCN), reference conference ID 77011294.
will include an additional 195-240 reactors a provider of sapphire substrates and You may also pre-register online for the
in order to meet demand, resulting in a products to the LED, Semiconductor, and conference call at:
potential market total of 588 reactors. Optical industries, will report financial The conference call will also be webcast live
results for the fourth quarter ended over the Internet and can be accessed at
As well as the outlook for MOCVD, the study December 31, 2009 on Tuesday, February the company’s website: http://www.rubicon-
said that a shift to high brightness (HB) 9th, 2010 before the market opens.
es2.com/index.html
LEDs in notebooks, signalling, personal
lighting and digital billboards has resulted in In conjunction with the release, management An audio replay of the call will be available
solid-state lighting being able to enter the will host a conference call at 7:30 a.m. CST approximately two hours after the
general lighting market. In particular, Nichia on February 9th to review the financial conclusion of the call. The audio replay will
has been singled out for dominating the HB results. remain available until 11:59 p.m. February
LED market, with a 42 per cent share. Cree’s 16, 2010 and can be accessed by dialing
share has also increased to 11 per cent To participate in the conference call, please (888)-286-8010 or (617) 801-6888
because of its emphasis on the growing dial (888) 680-0860or (617) 213-4852 (international). Callers should reference
solid-state lighting market. “Demand for HB (international) at least 10 minutes prior to conference ID 78129965. Webcast will be
LEDs is forecast to grow by 61 per cent in the start of the call. Callers will need to archived on website
www.rubicon-es2.com
January/February 2010
www.compoundsemiconductor.net 27
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