SiFive is the founder and leader of RISC-V computing based in San Mateo, California and with all definitive agreements completed the transaction is expected to close in the second half of 2022.
Alphawire will acquire OpenFive’s high-speed connectivity system-on-chip (SoC) IP portfolio and a proven team based in India and Silicon Valley that has been delivering custom silicon solutions for over 15 years. The acquisition will significantly increase Alphawave’s customer base globally from 20 currently to over 75, especially in North America, and adds an additional hyperscaler customer based in North America.
This acquisition will nearly double the number of connectivity-focused IPs available to Alphawave customers from 80 to over 155 and will provide customers with a one-stop-shop for their bundled connectivity needs in the most advanced technologies at 5nm, 4nm, 3nm and beyond. This includes an expanded die-to-die connectivity portfolio that will accelerate chiplet delivery capabilities to customers. Alphawave has also licensed RISC-V processor IPs from SiFive as part of the transaction.
OpenFive’s silicon development team will mean that Alphawave will be able to offer leading edge data centre and networking custom silicon solutions as well as enhancing its chiplet design capabilities. This accelerates Alphawave’s strategic goal to scale revenues by monetising its leading connectivity IP not only through IP licensing but advanced custom silicon design.
The combination of Alphawave’s leading high-speed connectivity with OpenFive’s IP portfolio is expected to generate material revenue synergies through the bundling of IP and integrated IP sub-systems as well as leveraging the two companies’ respective strengths to win complex custom silicon design wins at leading edge process nodes.
Forecast full year 2023 revenue for the combined group is now anticipated to reach between $325m to $360m with yearly revenues expected to reach $500m in 2024.
