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Posted by
Two Blokes April 23, 2025 -
Filed in
Stock
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Shares in Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) soared 83% in early trading on Wednesday after the semiconductor specialist unveiled a strategic shift into ASIC development and signalled early interest from major telecoms vendors. While full-year revenue fell to $1.38 million in 2024 from $3.78 million, and losses narrowed modestly, investors focused on signs of traction for the company's UEP-2025 platform.
