Headquartered in Cardiff, IQE, which will be listed in London, IQE raised £ 95 million by placing more than 67 million new shares.
Apple will benefit as the company continues to grow in business as the company's technology is believed to power the new 3D sensors in the latest version of the iPhone so it can better use facial recognition, unlocking and many more Features.
The iPhone's 3D sensors require so-called VSCEL wafers, and IQE owns 80% of the wafer's market share, so Apple naturally benefits from the company getting more money to continue doing business.
It is reported that a new generation of VSCEL wafer production will be concentrated in Newport's former LG Semicon foundry, the first part of the machine is currently in production.The facility is said to be laying 100 machines, with all the machines It also doubles the number of machines IQE currently owns, knowing that each machine is worth more than millions of dollars.
Increasing capacity will enable IQE to address a variety of mass market opportunities while also consolidating its leadership in VCSEL wafers for use in 3D sensors.
Although IQE has never commented on its clients' identities, foreign media have also mentioned that a new contract with Apple will bring them millions of pounds of profit. In addition to Apple's iPhone, IQE predicts Its technology is used in other devices and departments, such as medical and driverless cars.
We all know that the iPhone is made up of a myriad of different sensors and components, and there is a problem at any point, which can have a huge impact on the production of the iPhone. Apple certainly wants to be a partner on every supply chain. To ensure production capacity, after all, no one wants to see the iPhone because of a component production capacity problems that led to the eventual supply shortage of this situation.
I believe this year, iPhone X in the sale of various rumors of inadequate supply, once also let many consumers worried.