Tony Pialis, President and Chief Executive Officer of Alphawave stated: "We have known and worked with the OpenFive team for many years as they have established their credibility in delivering leading-edge SoC IP and custom silicon solutions in the world's most advanced technology, and to the world's most advanced customers. This acquisition is important for Alphawave, but also for our industry, as we will now be the leading pure-play provider of connectivity solutions in the world in whatever form-factor our customers need it – as silicon IP or in custom silicon solutions like chiplets. As we look to the future, we expect to develop and acquire additional capabilities to further expand and accelerate our leadership in connectivity. In our core business, the first quarter of 2022 is very strong and the outlook for 2022 is also strong. We expect this transaction to meaningfully impact revenues in H2 2022, pending regulatory approval of the transaction."
Patrick Little, Chairman and CEO of SiFive stated: "It has been a pleasure working with the Alphawave team on this transaction, and I am sure that we will continue to work together as SiFive focuses on its core RISC-V business. We were also pleased that Alphawave licensed SiFive's RISC-V processor IP as part of the transaction, which further demonstrates the importance of SiFive RISC-V technology to high-end customers globally in a variety of end markets."
Webcast and Conference Call Information for Investors and Media
The Company will host a webcast, conference call and Q&A session on March 14, 2022 at 1600GMT. Details of this call will be posted on the Company website.
Related Party Disclosures
SiFive and OpenFive are not related parties of Alphawave.
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
About Alphawave IP Group plc (LSE:
AWE)
Faced with the exponential growth of data, Alphawave IP's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world's technology infrastructure. Our IP solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in Toronto, Canada in 2017, by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to focus on the hardest-to-solve connectivity challenges. To find out more about Alphawave IP, visit:
awaveip.com
Glossary
IP / Silicon
| Intellectual property core, IP core or IP block is a reusable building block of a semiconductor chip that can be licensed or purchased from a third-party provider. Some examples of third-party providers are Alphawave IP, ARM and Imagination Technologies. |
Bookings | Is the total value of licence fees, non-recurring engineering fees (NRE) and support and maintenance contractually committed by customers together with an estimate of expected royalties from those contracts (unless stated otherwise). Bookings are stated since Alphawave IP's founding (referred to as cumulative or lifetime bookings) or in a given period. |
Hyperscaler | Hyperscalers are technology companies that provide cloud, networking and internet services at scale. Some examples of hyperscalers include Google, Facebook, Baidu, Alibaba, Microsoft, and Amazon. |
Foundry | Also commonly known as a 'fab' or wafer fabrication facility, a semiconductor foundry is a manufacturer of semiconductors for other companies. The two largest foundries in the world are TSMC and Samsung. |
End
| Alphawave IP's end customers include semiconductor OEMs, ASIC providers, and hyperscalers. These are companies that provide and build technology infrastructure, from data centres, networking, and storage to AI, autonomous vehicles and 5G wireless. |
OEM | Original equipment manufacturer that produces systems, parts or equipment utilised in the production of another device or product. |
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1 https://www.globenewswire.com/news-release/2021/06/15/2247389/0/en/High-End-FinFet-ASIC-Market-To-Approach-20-Billion.html |
2 As of end of FY 2021, not including VeriSilicon, which is a reseller |
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SOURCE Alphawave IP
| Contact: |
| Company Name: Alphawave IP
Alphawave IP Group plc: John Lofton Holt, Executive Chairman, Daniel Aharoni, CFO Email Contact +44 (0) 20 7717 5877; Brunswick Group: Simone Selzer, Sarah West Email Contact +44 (0) 20 7404 5959; Gravitate PR: Anna Bolender, Wynton Yu Email Contact +1 415 528 0468 Financial data for Alphawave IP |
