Alphawave Cuts Annual Outlook on Program Timing, Customer Merger
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Alphawave IP Group Plc slashed its full-year outlook, citing the timing of some of its customer programs and the merger of two large artificial intelligence customers in South Korea.
The London-listed semiconductor firm now expects revenue of $310 million to $330 million in 2024, down from a previous forecast of $345 million to $365 million, according to a statement.