18 February 2020
IQE continues to monitor the situation with regard to the Coronavirus. We are aware that some OEM (Original Equipment Manufacturer) production has been disrupted in the short-term due to the spread of the virus and that certain of our chip customers have broadened current quarter revenue guidance ranges due to uncertainty. Whilst this increases the risk to near term revenue, at this point in time IQE has not experienced any changes to orders relating to this issue. Production at our own facilities is currently unaffected.
IQE operates a dual or multi-source strategy for input supplies to minimise the impact of supply chain disruption on our own production. We also have multi-site qualifications with many customers across our global manufacturing footprint to lessen the potential impact of disruption at any single manufacturing site. The safety of our people remains our primary objective and we have implemented travel restrictions and enhanced health and safety measures to reduce the risk to our people.