Chip maker Alphawave’s profit slumps as spending surges Tech Shares in Alphawave Semi nosedived 37 per cent after the semiconductor company reported a drop in revenue and profit for the six months to 30 June amid higher spending. The London-listed company said revenue plunged 51 per cent to $91m (£68.3m) in the first half of the year, which it blamed on a change in [...]
Silicon maker Alphawave Semi reports lower royalty revenues on ‘accelerated transition away from China’ Tech In the first quarter of 2024, Alphawave said royalties dropped 75 per cent year on year to $9m, reflecting its transition away from China.