Devices
1 min read

UK semiconductor firm Alphawave forgoes forecast due to US tariffs

Alphawave, which designs and licenses chip technology for data centers, networking and storage, reported new bookings surged 34% to $515.5 million in fiscal 2024.

Reuters

Updated On Apr 17, 2025 at 12:39 PM IST

British semiconductor company Alphawave IP Group said on Thursday that it was unable to provide a financial forecast for 2025 or beyond due to the uncertainty stemming from the "rapidly developing nature" of U.S. tariffs.

Alphawave, which designs and licenses chip technology for data centers, networking and storage, reported new bookings surged 34% to $515.5 million in fiscal 2024.

Earlier this month, U.S. chipmaker Qualcomm expressed interest in acquiring Alphawave.

Published On Apr 17, 2025 at 12:35 PM IST

See more on:
Alphawave,
Alpahwave IP Group,
Alphawave forecast,
Qualcomm,
International,
Trump tariffs,
US tariffs

Comments

What are your thoughts?

UK semiconductor firm Alphawave forgoes forecast due to US tariffs

Comments

All Comments

Find this Comment Offensive?

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about ETTelecom industry right on your smartphone!