Canadian chipmaker Alphawave IP on Monday announced that total bookings year to date have exceeded $190 million which is the Group’s strongest-ever first half performance.
Founded in Toronto, Canada in 2017, Alphawave is a global semiconductor IP company where its IP solutions meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. The Company is listed in the main market of London Stock Exchange.
The company has delivered another record quarter of bookings in 2021 driven by several strategic design wins with new and existing Tier 1 North American customers in 5G wireless communication products for its core IP and product IP offerings. In addition, Alphawave IP was selected by one of the largest hyperscaler companies in the world to provide its solutions.
Tony Pialis, President and CEO of Alphawave IP
The team has done a great job continuing to execute on our business goals while successfully completing our IPO on the London Stock Exchange in May and raising $500m in proceeds to fund the group’s continued growth and global expansion.
John Lofton Holt, Executive Chairman of Alphawave IP
We are very pleased to share our successes so far this year, and to deliver on the promises that we made to the market and to our investors earlier this year. The Group is continuing to scale and grow rapidly as it solves the most difficult connectivity challenges for the most technically sophisticated companies in the world.
