July 23, 2019 / 6:21 AM / 2 months ago

UK's IQE sees sales hit from U.S.-China trade war

July 23 (Reuters) - Britain’s IQE Plc warned its sale volumes had been hit by the trade war between Beijing and Washington, but said it was still receiving orders from multiple customers in Asia.

IQE, which makes semiconductor wafers for chips used in Apple Inc products among others, had warned last month that 2019 revenue would miss forecasts, blaming a bigger-than-expected hit on the industry’s supply chain from U.S. restrictions on China’s Huawei. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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