Alphawave IP Announces Record FY2019, Record 1Q2020 and Dramatic Hiring Plans for Remainder of 2020 and beyond
Toronto, Ontario, CANADA — May 5, 2020 — Alphawave IP, a leading provider of multi-standard connectivity IP solutions for electronic devices, today announced record results for 2019 and for the first quarter of 2020. The company also announced dramatic hiring plans for 2020 so it can continue to expand to service the needs of its most advanced customers in 5nm and beyond.
“We have been profitable since 2017, but 2019 was a record year for us, with year-over-year revenue growing over 200%. Our first quarter of 2020 alone saw revenue nearly exceed our fantastic 2019 numbers.” said Tony Pialis, President and CEO of Alphawave. “Our focus on successful delivery of the highest-end and highest-quality connectivity solutions to our tier-one customer base has resulted in unprecedented revenue, gross margin, and EBITDA margin growth. We expect to more than double our 2019 revenue in 2020, while expanding EBITDA margins into the low 40% range – while expanding aggressively to meet customer demand in 2020 and 2021.”
To meet the significant uptick in customer demand in 2020 and 2021, Alphawave is aggressively recruiting new talent across all areas of semiconductor design, sales, marketing and operations. This is in great contrast to many other companies that are struggling to cope with the macroeconomic impacts of the global CoVid-19 situation. “From day one, we built our company to support remote work, design, and support. This makes us well positioned to be able to hire anyone, anywhere; We just want the best people from the industry. So, we welcome applications via our website and look forward to more than doubling our headcount in 2020”, said Mr. Pialis.
|
Alphawave Semi Hot IP
Related News
- Fabless Suppliers Held a Record 33% of the 2020 IC Market
- Alphawave IP plans move to UK for $4.5bn IPO
- 2020 Global Semiconductor Equipment Sales Surge 19% to Industry Record $71.2 Billion, SEMI Reports
- Arteris IP Adds a Record 28 New Licensees in 2020
- Industry R&D Spending To Rise 4% After Hitting Record in 2020
Breaking News
- Interview: Aart de Geus on AI-driven EDA
- CXL Testing Leverages PCIe Expertise
- Blue Ocean Smart System Unveils Chiplet-Based Products Powered by VeriSilicon's High-Performance Processors
- POLYN Introduces VibroSense, Industry-First Application-Specific Vibration Pre-Processing Chip Design
- Renesas Expands RISC-V Embedded Processing Portfolio with New Voice-Control ASSP Solution
Most Popular
- Veriest Solutions Promotes Dusica Glisic to Vice President of Frontend Engineering
- Synopsys.ai Unveiled as Industry's First Full-Stack, AI-Driven EDA Suite for Chipmakers
- Report: Arm proposes change to IP royalty model
- eMemory and UMC Expand Low-Power Memory Solutions for AIoT and Mobile Markets with 22nm RRAM Qualification
- Mobiveil's PSRAM Controller IP Lets SoC Designers Leverage AP Memory's Xccela x8/x16 250 MHz PSRAM Memory
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |