UK’s IQE swings to first-half profit and sees more AI data centre upside

British chip components maker IQE swung to a first-half core profit and maintained its annual outlook on Monday, as rising demand linked to AI and ‌data centres continued ⁠to support ⁠growth.

After a slowdown in the electronics market and disruption linked to U.S. tariffs, the Wales-based ​company has benefited from increased spending on AI infrastructure. That prompted IQE to raise its annual revenue ​guidance in July.

IQE supplies epitaxy for wafers that are later used to make lasers deployed in data centres, placing it near the start of the AI ​data-centre supply chain.