The UK-based chip supplier, IQE, is contemplating the relocation of certain production lines to the United States in order to mitigate potential tariff implications imposed by the US. The newly appointed CEO, Jutta Meier, disclosed that the company is engaging in strategic discussions with its customers to minimize tariff risks. Furthermore, IQE is exploring the option of sourcing raw materials from regions beyond mainland China, aiming to diversify its supply chain. Additionally, the company intends to offload its Taiwan operations in a bid to reduce debt and propel growth, with projections estimating revenues to range between £115.1 million and £123 million by 2025.
