(Oct 10): Cardiff-based IQE Plc said on Thursday it would take complete ownership of its loss-making joint venture in Singapore to capitalize on supply chains in the Asian country and China’s 5G market, sending its shares 5% higher.

IQE, which makes semiconductor wafers for chips used in Apple Inc products, also manufactures for Asian customers in Taiwan and Singapore. It has banked on the region for significant new orders amid the tariff dispute between the United States and China.

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