Alphawave makes waves22 Jul 2022 17:59
https://www.cityam.com/hawkish-policy-on-investments-in-british-tech-to-only-tighten-says-alphawave-boss/
Hawkish policy on investments in British tech to only tighten, says Alphawave boss
Alphwave, which launched a £3.1bn float in the UK in May last year, mostly serves the Silicon Valley giants in North America, such as Amazon, Microsoft, Intel and Meta.
After pumping investment into infrastructure at the beginning of the pandemic in 2020, most of Alphawave’s clients are well positioned to come out on top – despite regulations in the UK, as well as in the US and Canada, weighing on the tech industry.
While consumer technology companies will continue to be hit by plummeting demand as inflation eats into people’s spending power, businesses building ‘behind the scenes’ tech such as computer chips have been granted a certain level of immunity, he explained.
“In March 2020, we saw the work from home movement and the infrastructure providers really doubled down on infrastructure investments… These companies are still investing in the infrastructure they’re going to roll out in a few years from now,” Holt said, adding that Alphawave is “really lucky we don’t have a consumer exposure” which is currently being hit by weak demand.