Chip maker Alphawave’s profit slumps as spending surges

City A.M.

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Semiconductor company Alphawave Semi has 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 its business mix and a “significant reduction” [...]

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