IQE shares fall as tech weakness weighs on earnings
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(Reuters) - IQE, whose semiconductor products are used in Apple Inc's iPhones, forecast full-year core earnings and revenue below analysts' estimates, making it the latest semiconductor company to be hit by a weakness in the tech sector, sending its shares down 13 percent.Cardiff-based IQE said it expects to report revenue of not less than 156 million pounds for the full year ended Dec. 31 on adjusted core earnings of 27.5 million pounds amid a global slowdown in the tech sector. The company had..