Wolfson losses keep growing

Oliver Smith
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AUDIO semiconductor supplier Wolfson Microelectronics yesterday reported growing losses as declining customer sales hurt its bottom line.

Revenues fell 17 per cent year-on-year to $43.9m (£27.3m) in the third quarter to 29 September while losses increased to $3m, from $1.6m last year.

Wolfson’s customer list includes Samsung and BlackBerry.