British chip parts maker IQE plans to list Taiwan unit

British chip components maker IQE Plc said on Wednesday that it is planning an initial public offering (IPO) for its Taiwan unit on the Taiwan Stock Exchange (TWSE).

The company, which specialises in 'epi-wafers' used in facial recognition sensors in Apple's iPhones, said it intends to list IQE Taiwan on the TWSE and sell a minority shareholding through a public offering.

The London-listed firm plans to retain control of IQE Taiwan.


"A successful IPO of IQE Taiwan will allow us to maximise the value of our asset," CEO Americo Lemos said.

The offering will be a two-stage process, with the initial phase of listing on the Emerging Market Board expected in the first-half of 2025, IQE said.

IQE, which has benefitted from strong demand for its wafers amid an AI boom and a growing market share in China, has engaged Taishin Securities as its financial advisor for the IPO.