Shares of IQE plc (IQE.L) jumped 24% after the company announced a multi-year Indium Phosphide (InP) epiwafer supply agreement with Tower Semiconductor (TSEM) to support next-generation optical connectivity solutions for AI-driven data center infrastructure.
The stock is currently trading at 57.55 pence, up 11.30 pence or 24.43%, on the London Stock Exchange. It opened at 50.00 pence after closing the previous session at 46.25 pence. The stock has traded between 4.66 pence and 72.90 pence over the past 52 weeks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.