One of Wales’ leading tech firms, IQE, has confirmed it has received a number of expressions of interest after confirming a strategic review of the business had been widened to include its potential sale.

The Cardiff headquartered business, a leading supplier of compound semiconductor wafer and advanced material solutions, said earlier this month that it has received an approach for the business, though stressing that no offer had been made.

However, announcing disappointing interim results, which saw revenues for the first half of 2025 of £45.3m compared to £66m, in the first half of last year, IQE confirmed that the strategic review, being overseen by Lazard, has generated more interest. The initial focus of the review was on the sale of its Taiwanese business.

It said: “On 8 Septembe

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