IQE Surges 16.5% Today After Signing Multi-Year InP Wafer Deal with Tower Semiconductor

According to BlockBeats, IQE surged 16.5% on June 15 after signing a multi-year phosphine indium (InP) wafer supply agreement with Tower Semiconductor for AI data center optical connectivity solutions. The stock has climbed from around 12.2 pence in February to approximately 52.8 pence, marking a year-to-date gain of over 925%.
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