Skip to content
Subscriber Only

A Tiny Welsh Chipmaker Is Up 314% This Year

  • IQE up more than 300 percent; analysts see more gains
  • New iPhone expected to include IQE wafers for 3D sensing
General Views From Taiwan Semiconductor Manufacturing Company HQ Ahead Of Earnings

Could a Cardiff, Wales-based wafer company be the next big thing for U.K. technology investors? Investors trying to sniff out hidden Apple Inc. suppliers are betting on it, sending the shares of IQE Plc up more than 300 percent this year.

The company is the second-best performer in the FTSE AIM 100 Index year-to-date and has also beaten every stock in the Philadelphia Semiconductor Index, including high-fliers Nvidia Corp. and Micron Technology Inc. And even with the cautionary tale of companies who flew too close to Apple’s sun still fresh in investors’ minds, some analysts say IQE’s run is just getting started.