Assume you saw last night’s action. By Alex JaniaudIQE (IQE)...

Assume you saw last night’s action.

By Alex JaniaudIQE (IQE) shares jumped more than a fifth after the supplier of advanced wafer products to the semiconductor industry announced a handful of deals in Asia.IQE:LSEIQE PLC1mthToday change25.58%Price (GBP)64.80A boost in Asian demand for IQE’s products would seem to go against the current run of play, given the recent turmoil wrought by the US-China trade dispute. Yet the company has secured a deal to provide transistors for a “major Asian customer’s” power amplifiers, which will be used in mobile handsets, wifi hotspots and other wireless devices. Production is underway with expectations of “significantly higher production capacity” from newly-installed capacity at IQE's facility in Hsinchu, Taiwan. IQE has also received “significant additional orders” from a second Asian customer, while a Singaporean customer has begun taking delivery of IQE’s ‘Pseudomorphic High Electron Mobility Transistors’, which are used in mobile devices and networks.House broker Peel Hunt forecasts full-year 2019 pre-tax profits and earnings per share of £5.8m and 0p.Presume you saw last night’s action.