22 May 2020
There have been no material changes to the impact of the pandemic on IQE’s business operations since the last update on 15th May.
Production continues at all of IQE’s global sites as has been the case throughout the recent lockdown periods, which are now starting to be relaxed in certain regions. IQE has implemented appropriate measures to achieve a safe working environment, in line with Government advice in each region. These measures include forehead temperature checks, enhanced cleaning regimes, social distancing measures and shift segregation. Where staff can work at home they continue to do so to minimise the number of staff on site.
IQE continues to work closely with customers and suppliers to ensure supply chains are operating effectively, with no material issues noted in the past week. IQE will continue to monitor the situation closely and remains vigilant.
Given the stability of operations, with no material changes week by week and governments taking action to gradually reduce lockdown measures, IQE will now revert back to periodic updates by exception, rather than providing a weekly update.