Alphawave to Acquire SiFive’s OpenFive Business for $210M
Summary
This transaction has been signed at an inflection point in the semiconductor industry, as the importance and adoption of RISC-V technology has grown significantly in recent years. As part of the transaction, Alphawave will also become a licensee of RISC-V processor technology and will continue to work with SiFive on opportunities for RISC-V collaboration, particularly in North America. The adoption of chiplets by the semiconductor industry is rapidly expanding the total addressable market for Alphawave’s technology and driving design wins faster than expected. This will enable a scale and top-line growth that we envisioned, but much faster than we expected, while continuing to deliver high growth and profit margins for years to come.” 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. 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.