Alphawave IP Acquisition of OpenFive Approved by All Regulators
CIFIUS clearance received and transaction expected to close in September 2022
LONDON, United Kingdom and TORONTO, Ontario, Canada Aug 26, 2022 – Alphawave IP Group plc (LN:AWE, “Alphawave IP”, the “Company”), a global leader in high-speed connectivity for the world’s technology infrastructure, is pleased to announce that it has received all regulatory clearances required for the completion of the previously announced acquisition of OpenFive, including approval from the Committee on Foreign Investment in the United States (CFIUS).
The transaction is expected to close in September 2022 subject to the satisfaction of other customary closing conditions.
The Company will provide a further update once the acquisition has completed.
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 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
Related Semiconductor IP
- Chiplet Die-to-Die Interconnect IP Solution
- High speed MACsec Engine 100G/200G/400G/800G/1.6T
- Temperature/Voltage sensors
- AMBA Bus Host to eSPI Controller/Target
- AMBA Bus Host to eSPI Controller
Related News
- Alphawave IP Announces Completion of Acquisition of OpenFive
- Alphawave IP: Acquisition of Precise-ITC and completion of major milestones for China Product Partnership
- Alphawave IP Announces Definitive Agreement to Acquire Entire OpenFive Business Unit from SiFive for US$210m in cash
- Rubio, Colleagues Urge CFIUS Review of Alphawave Acquisition of U.S. Semiconductor IP Company
Latest News
- Menta and Presto Engineering Announce Strategic Collaboration to Accelerate Adaptive ASIC Architectures with Embedded FPGA Technology
- MIPI A-PHY To Power Industry’s First Four-Company Automotive SerDes Interoperability Demonstration at AutoSens USA
- Altera Introduces Next-Generation Agilex 9 Direct RF-Series SoC FPGA to Power the Future of High-Performance RF Systems
- Sirius Wireless Launches Drone RF Transceiver IP to Address Growing Global Demand for UAV Communication Chips
- Realtek Joins OpenTitan Coalition to Develop Discrete Hardware Root of Trust Devices