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What company is $IQE held by Serenity? IQE plc is a global leader in the supply of compound semiconductor epitaxial wafers. The company does not directly manufacture chips but specializes in using advanced processes such as MOCVD to grow highly complex, diversified compound semiconductor layers (such as GaAs, InP, GaN) on substrates. It is essential for modern wireless communication, 3D sensing, optical communication, and AI.