Alphawave Semi Named One of Canada's Enterprise-Industry Leaders Winners in Deloitte's Technology Fast 50™ Program

Company tops competitive Deloitte Canada’s Enterprise–Industry Leaders award winner list, sees 15X growth over four years after strategic acquisitions, technological leadership growth

Toronto – November 8, 2023 – Alphawave Semi (LSE: AWE), a global leader in high-speed connectivity for the world’s technology infrastructure, today was honored as an Enterprise – Industry Leaders award winner in the 2023 Deloitte Technology Fast 50™ program. The company also was ranked 94th on the Deloitte Technology Fast 500™ list, which recognizes the most innovative, fastest-growing technology companies in North America.

Celebrating its 26^th anniversary, the award recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation. This leadership category is open to companies with a minimum revenue of $10 million in 2019 and $50 million in 2022.

Alphawave Semi ranks first on this year’s list after seeing 1,547% growth from 2019 to 2022.

Tony Pialis, CEO and co-founder of Alphawave Semi, said, “We are proud to have ranked first on the Technology Fast 50™ program’s Enterprise – Industry list. Our dedication to innovation, the strategic acquisitions we completed, and technological excellence in the semiconductor industry led to this achievement. With our focus on meeting the data demands of AI and continued technological leadership, we’re excited to continue pushing boundaries and achieving even greater success in the future.”

“This year’s Enterprise – Industry leaders winners represent a high level of excellence and success as members of Canada’s elite in the technology sector,” stated Anders McKenzie, partner and national leader for the Technology Fast 50™ program at Deloitte Canada. “With their bold vision for the future, impactful technologies, competitive drive, and passion for pushing the boundaries, these winners catapult Canadian innovation forward nationally and on the global stage. No doubt their successes are a source of pride and inspiration for all tech entrepreneurs.”

About the Deloitte Technology Fast 50™ Program

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 26^th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise – Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte, RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca.

About Alphawave Semi

Alphawave Semi is a global leader in high-speed connectivity for the world’s technology infrastructure. Faced with the exponential growth of data, Alphawave Semi’s technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. We are a vertically integrated semiconductor company, and our IP, custom silicon, and connectivity products are deployed by global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in 2017 by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to accelerate the critical data infrastructure at the heart of our digital world. To find out more about Alphawave Semi, visit: awavesemi.com.

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