Alphawave Semi reports third consecutive quarter of bookings above $100m

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$mQ2 2024Q2 2023Change
  Licence and NRE (non-recurring engineering)94.647.798%
  Royalties and Silicon Orders12.836.4-65%
New Bookings107.484.127%
 
Additional design win activity – FSA drawdowns and China re-sale licences[1]3.4Nm
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