Alphawave IP Announces Completion of Acquisition of OpenFive
LONDON and TORONTO, Sept. 1, 2022 -- Alphawave IP, a global leader in high-speed connectivity for the world's technology infrastructure has announced that it has completed the acquisition of OpenFive.
Alphawave has completed the acquisition of OpenFive, bringing OpenFive's high-speed connectivity system-on-chip (SoC) IP portfolio and a proven team based in India and Silicon Valley, and other global locations, that has been delivering custom silicon solutions for over 15 years. The acquisition significantly increases Alphawave's customer base globally from 281 currently to over 80, especially in North America, including a top two semiconductor memory supplier, a top three high performance computing (HPC) server manufacturer, a leading automated tester equipment manufacturer, and mission critical high-speed communications and industrial equipment manufacturers.
"Today represents an important milestone for Alphawave," said Tony Pialis, President and Chief Executive Officer of Alphawave. "This acquisition accelerates our ambition to become a leading pure-play provider of connectivity technology, covering silicon IP and custom silicon solutions like chiplets. We are delighted to welcome the talented team from OpenFive, as well as their customers and partners."
Pialis added: "The combination adds scale and expands our expertise into custom silicon. The combined company is well positioned to capitalize on the growth opportunities we see in the digital infrastructure markets, and we are really excited about the long term prospects for growth."
This acquisition nearly doubles the number of connectivity-focused IPs available to Alphawave customers from 80 to over 155, and it will provide customers with a one-stop-shop for their bundled connectivity needs in the most advanced technologies at 5nm, 4nm, 3nm and beyond. This will include an expanded die-to-die connectivity portfolio that will accelerate chiplet delivery capabilities to existing and new customers.
OpenFive's proven silicon development team enables Alphawave to offer leading edge data centre and networking custom silicon solutions as well as enhancing its chiplet design capabilities. This accelerates Alphawave's strategic goal to scale revenues by monetising its leading connectivity IP not only through IP licensing but advanced custom silicon design and delivery.
The combination of Alphawave's leading high-speed connectivity with OpenFive's IP portfolio is expected to generate material revenue synergies through bundling of IP and integrated IP sub-systems as well as leveraging the two companies' respective strengths to win complex custom silicon design wins at leading edge process nodes.
About Alphawave IP Group plc
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.
Source: Alphawave
