IQE Announces Spin-Out of Taiwan Business

UK-based substrate supplier IQE has announced its plans to spin out its business in Taiwan by listing IQE Taiwan on the Emerging Market Board of the Taiwan Stock Exchange (TWSE). The initial public offering (IPO) is scheduled for the first half of 2025, marking a significant milestone for the company's expansion strategy.

The decision to list IQE Taiwan on the TWSE aligns with IQE's goal of unlocking the value of its subsidiary while retaining control of the operations. By selling a minority shareholding through a public offering, IQE aims to raise capital to fuel its growth initiatives across the Group, particularly focusing on opportunities in GaN Power.

"This move presents an exciting opportunity for IQE to accelerate investment in our growth strategy and capitalize on emerging market opportunities, including in GaN Power," stated Americo Lemos, the Chief Executive Officer of IQE. "A successful IPO of IQE Taiwan will not only maximize the value of our asset but also ensure a secure and resilient supply chain for our global customers."

With Taiwan being a key market for IQE's compound semiconductor epitaxial wafers, the decision to establish a separate entity in the region underscores the company's commitment to strengthening its presence in this strategic market. The IPO of IQE Taiwan is expected to enhance the company's competitiveness and drive further innovation in semiconductor technologies.

Although the IPO process is in its early stages, IQE has enlisted the expertise of Taishin Securities as its financial advisor to facilitate the preparations for the listing. This strategic partnership will enable IQE to navigate the complexities of the IPO process and ensure a successful transition for IQE Taiwan into a publicly traded entity.