UK chip maker IQE considering sale, cuts revenue forecast

British chips maker IQE said on Monday it was considering a potential sale of the company, and the Apple supplier also cut its full-year revenue forecast as macroeconomic uncertainties weighed on growth.

IQE, which supplies the wafer products used in the iPhone’s facial recognition sensor, has been looking into moving some production to the U.S., as part of efforts to mitigate the impact of hefty tariffs on the semiconductor sector.