Alphawave IP Group plc (LON:AWE), (Alphawave Semi), a global leader in ultra-high-speed data connectivity for AI, compute and network architectures, has published its trading and business update for the three months ended 30 June 2024.
· Third consecutive quarter of bookings above $100m at US$107m, up 27% year-over-year
· Record design win quarter with 14 new design wins
· Multiple new chiplet design wins reflect industry adoption of chiplet architectures
· Restructured debt facility strengthens balance sheet and provides flexibility
US$m | Q2 2024 | Q2 2023 | Change |
Licence and NRE (non-recurring engineering) | 94.6 | 47.7 | 98% |
Royalties and Silicon Orders | 12.8 | 36.4 | -65% |
New Bookings | 107.4 | 84.1 | 27% |
Additional design win activity – FSA drawdowns and China re-sale licences[1] | – | 3.4 | Nm |