British chip components maker IQE on Wednesday forecast its fiscal 2024 results to come within market expectations, supported by an improving order book amid a rapid development and popularity of the artificial intelligence (AI) industry. IQE makes "epi-wafers", a type of advanced material used in products from laser hair removal to facial recognition sensors in Apple's iPhones. In a bid to capitalize on the AI frenzy, which has gripped the semiconductor industry, IQE has been investing in solutions to enable more efficient transfer of data in data centres.
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UPDATE 1-Apple supplier IQE forecasts strong order book amid AI boom
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