IQE PLC, a leading global supplier of compound semiconductor wafer products and advanced material solutions, has released a pre-close Trading Update for the financial year ended 31 December 2023. The Group also announced the appointment of Jutta Meier to the Board as Chief Financial Officer. IQE is uniquely positioned in the market, supplying the global market and enabling customers to innovate at chip and OEM level. The company leverages its intellectual property portfolio, including know-how and patents, to produce epitaxy wafers of superior quality, yield, and unit economics. IQE's applications span across smart connected devices, communications infrastructure, automotive and industrial, aerospace, and security.