Semiconductor group Alphawave is foregoing guidance for its 2025 results amid tariff-fuelled uncertainty as it posts a loss for last year.
The London-listed group said in its results for the year ended December 2024 that “due to current global economic uncertainty and the rapidly developing nature of the recently imposed tariff regimes, we are not in a position to provide guidance for 2025 or beyond”.
The Trump administration in the US has been behind an ever-changing series of tariff policies that have shocked global markets and cast doubt over the future operations of international businesses.
The threat of long-standing tariff trade wars is particularly concerning for groups like Alphawave with significant operations in China and across Asia.
The company said it would engage with “external experts” to get advice on the impact of and mitigation strategies for tariffs.
Shares in Alphawave fell slightly on Thursday morning – dipping 0.25% to 120.5p – following the release of its 2024 results, its third as a listed firm.
Total revenue was down 4% from 2023, reaching $307.6m (£232.3m) while its operating losses jumped 69% to $32.8m.
The company did, however, report a record year for revenue from new bookings at $515.5m and has said strengthened partnerships with Siemens, TSMC, Samsung and Arm positioned it well.
This month it was reported that Arm had approached Alphawave for an acquisition, though talks did not reach an advanced stage.
“Our position at the forefront of the industry, working alongside some of the world’s most respected data centre and AI partners, underscores both our leadership and growing influence,” said Tony Pialis, CEO of Alphawave.
“With a leading connectivity portfolio, a talented team, and a significant market opportunity ahead, we are confident in the long-term potential of our business.”
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