Latest news with #IQE
Indian Express
02-07-2025
- Indian Express
Infosys employee arrested for recording videos in women's washroom at Bengaluru office
The Electronics City police said on Wednesday that they arrested a 30-year-old Infosys employee who allegedly secretly recorded videos of his female colleagues in the office washroom. Swapnil Nagesh from Sangli, Maharashtra, who worked as a technical analyst at the company's Electronics City campus in southeastern Bengaluru, has been charged under section 77 (voyeurism) of the Bharatiya Nyaya Sanhita and section 66E (violation of privacy) of the Information Technology Act. The incident occurred on Monday, when he was allegedly caught red-handed after recording videos of two women. According to the police, the primary victim discovered the violation around 11 am while using the washroom on the third floor of the IQE wing in building 38. She noticed suspicious reflections in the mirror and sensed movement from the door partition of the adjacent stall. Upon investigation, she allegedly discovered Nagesh standing on a commode in the neighbouring stall with his mobile phone recording. When confronted, Nagesh began apologising but was quickly apprehended by two HR executives who responded to the victim's cries for help. HR personnel found incriminating video evidence on his phone and took screenshots before deleting the video. The police recovered two videos from the device's recycle bin, with forensic analysis underway to determine if additional recordings exist. Investigators revealed that Nagesh had joined the company just three months ago and had recorded another female employee before the incident described in the police complaint, which was lodged on Tuesday. Nagesh was produced before a magistrate following his arrest, with the police continuing their investigation into the full scope of his activities. Infosys said in a statement, 'We are aware of this incident and have taken necessary action against the employee, who is now separated from the Company. We also promptly supported the complainant by facilitating a swift complaint with the law enforcement authorities and continue to cooperate as they investigate further. Infosys is committed to providing an environment free of harassment and has a zero-tolerance policy. We take every complaint related to any violation of the Company's Code of Conduct seriously.'
Business News Wales
23-06-2025
- Business
- Business News Wales
Cardiff Capital Region Investment Zone to Focus on Semiconductor Cluster
The Cardiff Capital Region Investment Zone has taken a major step forward with the announcement of its industrial and key sites. The Investment Zone – a joint initiative between the UK and Welsh Governments – will drive innovation and growth across the advanced manufacturing and digital and technology sectors, with a focus on the region's world-class compound semiconductor cluster. Backed by £160 million of UK Government funding, the Zone will develop the semiconductor hub in Newport, where key businesses including KLA, IQE and Vishay are located, and develop a science and technology park to become the focus point for R&D activity and investment in Cardiff. The Investment Zone – one of two planned for Wales – is expected to attract £500 million of private sector investment, create 4,000 new jobs and unlock 3 million square feet of manufacturing, R&D and innovation capacity. UK Minister for Building Safety, Fire and Local Growth Alex Norris said: 'The Cardiff Capital Region Investment Zone Investment Zone, which we're backing with £160 million of funding, will build on the region's industrial strengths to shape an exciting future for local people – creating new skilled jobs and driving economic growth locally and across Wales.' Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said: 'The Cardiff and Newport Investment Zone marks a transformative step forward for South East Wales and demonstrates our firm commitment to establishing the region as a global powerhouse in compound semiconductors. 'We will continue working closely with the South East Wales Corporate Joint Committee and the UK Government to build on the region's strengths, attract significant private investment, strengthen regional partnerships and deliver real benefits that people across Wales will feel in their everyday lives.' Welsh Secretary Jo Stevens said: 'This step forward for the Cardiff Capital Region Investment Zone is a huge boost for the world-class business and industry within the area. 'It will drive growth, create 4,000 jobs and build on the talent and expertise that already exists in this part of Wales. 'Working alongside Welsh Government we are building the economy of the future and delivering for working people across the country.' Cllr Mary Ann Brocklesby, Leader, Monmouthshire Council, and Chair, Cardiff Capital Region said: 'This is a tremendous step forward for the Investment Zone. We look forward to building upon our strong industrial base and world-class research in semiconductors to drive innovation in emerging technologies, and fast-growing markets, whilst working together with UK and Welsh Government. 'By aligning our efforts with the region's unique assets and fostering collaboration across sectors, we aim to create a dynamic environment where new ideas thrive, investment is attracted, and meaningful impact is delivered to people and places across the region.' The news comes as part of the Industrial Strategy announcement. As set out in the strategy, advanced manufacturing and digital and technology are two key growth-driving sectors. Dr Wyn Meredith, Chair of CSconnected Ltd, the collective brand for advanced semiconductor activities in South East Wales, said: 'Today's announcement marks a major milestone in strengthening South Wales' position as a global leader in compound semiconductor technologies. The Cardiff Capital Region Investment Zone will support the growth of this strategically important industry, accelerating supply chain growth, workforce development programmes, and innovation to produce the products and services of the future. These factors are critical drivers for further job creation, inward investment and remaining globally competitive in this highly competitive global industry. 'This investment is a clear vote of confidence in the talent, capability and ambition of the region. We look forward to working with our partners to ensure that the Investment Zone delivers real, lasting impact, not only for the economy, but for communities and future generations across Cardiff and South Wales.' Michael O'Sullivan, Executive Vice President of Vishay, which operates the largest semiconductor factory in the UK based in Newport, said: 'This is a critical milestone for South Wales and the UK as a whole – a vote of confidence in the talented workers who have attracted investment from Government and companies across the globe. We know that the world class semiconductor cluster in South Wales has the expertise to meet the great challenges of our age – from Net Zero to the huge energy demands that will come from the growth of AI and electric vehicles. 'We plan to invest £250 million, supporting 500 jobs to manufacture cutting edge compound semiconductors. These microchips with faster processing speeds will reduce energy losses and support advanced manufacturing industries from next generation wind turbines, data centres, to the latest electric vehicles and chargers. 'We look forward to working in partnership with leaders in the Welsh Government, Cardiff Capital Region and beyond to make the most of this opportunity for growth.' In February it was announced that the Wrexham and Flintshire Investment Zone is set to focus on the area's strengths in advanced manufacturing and is expected to crowd in £1 billion of private investment over a decade.
Business News Wales
21-05-2025
- Business
- Business News Wales
Flexible Skills Programme Expands to Plug Skills Gap
Accredited training opportunities in Wales are set to see an almost six-fold increase in the amount of subsidy available. The Welsh Government increasing its investment in the Flexible Skills Programme from £1.3 million a year to more than £7.5 million. Support will be in place for employees to take advantage of thousands of individual places on upskilling or re-skilling training courses. The expansion follows increasing demand from Welsh employers for support to develop employees' skills in response to changing industries and new technologies. There will be a particular focus on supporting key sectors and needed skills such as Engineering and Manufacturing; Digital/Cyber; green skills; and leadership and management. Any employer can apply for the grant, which is designed to help businesses quickly respond to skills gaps with the Welsh Government paying 50% of business training costs (up to £50,000 per business per year). The expanded scheme was launched during Learning at Work week at IQ Endoscopes (IQE), a pioneering medical device startup that has seen first-hand what a difference the funding can make. IQE is about to place its first device onto the UK market – an affordable, sterile, and sustainable endoscope solution that will enable rapid early diagnosis to help reduce patient waiting times and help people live longer and healthier lives. The Flexible Skills Programme has enabled it to support over 170 individual technical or leadership and management training opportunities for its staff over the past two years. Gemma Banks, HR Manager at IQE said: 'Being a small company it can sometimes be hard to attract certain levels of experience and talent within the business, but we've been able to offer people additional training which has then meant we've covered a real skills gap and real need within the business at a pre-emptive time before it's become a problem.' Shaun O'Connell, an Engineering technician at IQE, recently completed CoSHH, ISH and Control of Hazardous Substances training through the programme. He said: 'The training has provided me with numerous opportunities to grow within my role and I'm now managing all the hazardous substances we use and ensuring the lab safety handbook is consistently up to date. It's made the lab much safer and a more effective place to work.' Skills Minister Jack Sargeant said: 'Having supported over 8,000 training interventions in the last two years, I am excited about the impact a greatly expanded Flexible Skills Programme could have in the future. 'The programme's success is down to our ambitious Welsh businesses investing in themselves to up skill their workforce. We are determined to do all we can to support their ambition and develop the skills needed for future success. 'As we prepare to host a major international investment summit in Wales later this year, the expanded scheme also strengthens our offer for companies looking to invest here.'
Yahoo
16-05-2025
- Business
- Yahoo
Earnings Release: Here's Why Analysts Cut Their IQE plc (LON:IQE) Price Target To UK£0.22
Shareholders will be ecstatic, with their stake up 21% over the past week following IQE plc's (LON:IQE) latest full-year results. Revenues were in line with expectations, at UK£118m, while statutory losses ballooned to UK£0.04 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. We've discovered 2 warning signs about IQE. View them for free. Following last week's earnings report, IQE's three analysts are forecasting 2025 revenues to be UK£116.7m, approximately in line with the last 12 months. The loss per share is expected to ameliorate slightly, reducing to UK£0.038. Yet prior to the latest earnings, the analysts had been forecasting revenues of UK£118.7m and losses of UK£0.039 per share in 2025. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for losses per share, even though the revenue numbers were unchanged. View our latest analysis for IQE The consensus price target fell 55% to UK£0.22despite the forecast for smaller losses next year. It looks like the ongoing lack of profitability is starting to weigh on valuations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values IQE at UK£0.24 per share, while the most bearish prices it at UK£0.20. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting IQE is an easy business to forecast or the the analysts are all using similar assumptions. Of course, another way to look at these forecasts is to place them into context against the industry itself. One thing that stands out from these estimates is that shrinking revenues are expected to moderate over the period ending 2025 compared to the historical decline of 6.4% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 22% per year. So it's pretty clear that, while it does have declining revenues, the analysts also expect IQE to suffer worse than the wider industry. The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for IQE going out to 2027, and you can see them free on our platform here. That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with IQE (at least 1 which is concerning) , and understanding these should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
13-05-2025
- Business
- Time of India
Apple supplier IQE sees annual revenue within market view
British semiconductor company IQE expects its revenue for the fiscal year 2025 to align with market expectations, the company said on Tuesday, adding that it was focusing on the potential sale of its Taiwan operations. "Global markets are being impacted by macroeconomic uncertainty and as a result, some end customer demand is being fulfilled with existing inventory," the company said. This was visible in the first quarter, but is expected to be corrected in the second half of the year, it added. IQE, a supplier of compound semiconductor wafer products used in iPhone's facial recognition sensors, said there is currently no direct impact to the company from the U.S. tariffs. The company, which confirmed Jutta Meier as CEO on Tuesday, is expected to report revenue between 115.1 million pounds ($151.9 million) to 123 million pounds in the current fiscal year to March 2026, according to a company-provided consensus. It reported 118 million pounds in revenue for the year ended March 31, 2025.
