Alphawave IP: Q2 2022 Trading and Business Update
LONDON, United Kingdom and TORONTO, Ontario, Canada July 19, 2022 – Alphawave IP Group plc (LN:AWE, “Alphawave IP”, “Alphawave”, the “Company”), 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 30 June 2022.
US$m | Q2 2022 | Q2 2021 | Change |
Licence and related | 19.0 | 12.7 | 50% |
Potential future royalties | 9.4 | 7.3 | 27% |
New Bookings (excluding VeriSilicon and WiseWave multi-year subscription licences) | 28.4 | 20.0 | 42% |
Additional design win activity - FSA drawdowns and China re-sale licences[1] | 9.5 | - | n/a |
WiseWave multi-year subscription licences | - | 93.8 | n/a |
Number of end-customers (as at end of period) | 28 | 16 |
Due to rounding, numbers presented in the table may not add up to the totals provided and percentages may not precisely reflect the absolute figures.
Tony Pialis, President and Chief Executive Officer of Alphawave IP said: “Our increased pace in design wins and our continued technology leadership in 3nm demonstrate the strong momentum of Alphawave IP. Despite an uncertain macro environment, positive secular growth trends in data infrastructure, such as data centers and 5G, underpin a growing demand for our high-performance connectivity solutions. This is why we continue to invest in the business and remain confident about its long-term prospects.”
John Lofton Holt, Executive Chairman of Alphawave IP said: “I am proud of our business and technology team for their continued execution, especially in North America and South Korea. Our focus on connectivity technology for our blue-chip customer base, and a strong balance sheet, provide a solid platform for continued success.”
[1]Both FSA (Flexible Spending Account) drawdowns and China re-sale licences convert previously announced contractual commitments included within bookings reported in prior periods to new product design wins which will be recognised as revenue over time.
|
Alphawave Semi Hot IP
Related News
Breaking News
- Expedera Raises $20M Series B Funding Round Led By indie Semiconductor
- Andes Technology and Arteris Partner To Accelerate RISC-V SoC Adoption
- Crucial role for imec in EU Chips Act
- Analog Bits Joins the Silicon Catalyst In-Kind Partner Ecosystem
- Siemens simplifies development of AI accelerators for advanced system-on-chip designs with Catapult AI NN
Most Popular
- Qualitas Semiconductor expands presence in chinese market through strategic partnership with chinese chip design company
- RaiderChip raises 1 Million Euros in seed capital to market its innovative generative AI accelerator: the GenAI v1.
- High-Speed Data Transmission Enhanced by 28nm JESD204B Tx PHY & Controller IP Cores Licensed for MCU Applications
- CFX announces commercial availability of low cost automotive grade SonoS based charge trapping EFlash/MTP technology on 90nm BCD process
- AiM Future Brings GenAI Applications to Mainstream Consumer Devices
E-mail This Article | Printer-Friendly Page |