Bandwidth (NASDAQ:BAND) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.06) by 33.33 percent. This is a 112.5 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $136.00 million which beat the analyst consensus estimate of $133.66 million by 1.75 percent. This is a 12.72 percent increase over sales of $120.66 million the same period last year.
China’s Semiconductor Spending Tops US With $142B Commitment: Global Chip Race Heats Up
Western governments prioritize securing chip supply to compete with China, as seen through Biden's $32.8B incentives, export restrictions, and ASML concerns.
