Raspberry Pi shows London’s public markets are still sweet Tech Investors woke up to a sweet surprise from Raspberry Pi on Tuesday, as the computer maker’s first post-IPO report topped expectations. The British tech darling posted a 47 per cent rise in gross profit and a 56 per cent growth in adjusted earnings (EBITDA) for the first half of the year, driven by the sale [...]
FTSE 250 group Raspberry Pi beats profit expectations Tech Raspberry Pi has surpassed its expectations in its first set of financial results since it floated on the London Stock Exchange earlier this year. The Cambridge-based computer company, which was added to the FTSE 250 on Monday this week, raised nearly £179m at its oversubscribed IPO in June, said revenue soared 61 per cent to [...]
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 [...]
Shares in Apple supplier IQE plunge as guidance disappoints and debt pile grows September 10, 2024 Shares in semiconductor supplier IQE plummeted 14 per cent in early trading on Tuesday after it disappointed investors with weak guidance and as it racked up debt. The Cardiff-based manufacturer of compound wafers used to make semiconductors said its full-year guidance lies at the lower end of consensus forecasts of revenue between £130m and 154m. [...]
Why one in every 50 babies born in Taiwan has a parent who works for this company September 3, 2024 The Taiwan Semiconductor Manufacturing Company isn’t just the world’s biggest producer of chips, its family-friendly working practices are yielding another important output: babies, writes Phoebe Arslanagić-Little The Taiwan Semiconductor Manufacturing Company (TSMC) is a globally crucial business, the world’s leading manufacturer of semiconductors and producer of nearly 90 per cent of the most advanced chips. [...]
Raspberry Pi is a ‘buy’: Analysts compare British chip stock to Microsoft, Apple and Nvidia July 23, 2024 Analysts believe Edge computing could be a game-changer for Raspberry Pi.
IQE: ‘Growth ahead’ says boss of Cardiff semiconductor firm as sales expected to jump July 23, 2024 The Cardiff-headquartered company said it expects revenue to be at least £65m in the first six months of the year.
Nvidia boss Jensen Huang declares new industrial revolution as AI stock keeps gaining June 13, 2024 Nvidia recently reported $26bn in revenue for the first quarter of fiscal year 2025, a 262 per cent increase from the previous year.
UK chip boss ‘really, really frustrated’ with funding environment as US investors lead June 12, 2024 Paragraf says its chips are a thousand times faster than today's typical silicon wafers.
Struggling Dow transport stocks could be economic warning signal June 1, 2024 It's been a banner year for the major US stock indexes, but one economically sensitive corner of the market sticks out as a sore spot.