Alphawave Semi - Q4 2023 Trading and Business Update

LONDON, United Kingdom and TORONTO, Ontario, Canada -- January 22, 2024 – Alphawave IP Group plc (LN: AWE, the “Company” or “Alphawave Semi”), a global leader in high-speed connectivity for the world’s technology infrastructure, is pleased to publish its trading and business update for the three months ended 31 December 2023.

Highlights

• Record quarterly bookings of US$128.7m
• Record quarterly licence and NRE bookings of US$121.1m up 245% over Q4 2022
• Approximately 90% of licence & NRE bookings in advanced nodes, 7nm and below
• Major extension of IP development and licencing deal with leading APAC customer
  including UCIe, PCIeGen7, 224G and 2nm technology
• 3nm HPC1 chiplet-based custom silicon design win for a leading European HPC supplier
• 7 new design wins, mainly in APAC, Europe and North America
• Partnership with ARM expands addressable market
• Strong pipeline of opportunities in Q1 2024 and FY 2024
• Management remains confident in the outlook for the business

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