British chip parts maker IQE plans to list Taiwan unit

British chip components maker IQE Plc said on Wednesday that it is planning an initial public offering (IPO) for its Taiwan unit on the Taiwan Stock Exchange (TWSE).

The company, which specialises in ‘epi-wafers’ used in facial recognition sensors in Apple’s iPhones, said it intends to list IQE Taiwan on the TWSE and sell a minority shareholding through a public offering.