Alphawave IP renames as it looks to 2nm
Newly re-named IP company Alphawave Semi has seen a significant boost to its chiplet design business on the latest process technologies since moving to London.
There were eight new design wins in the fourth quarter, including two new top-tier semiconductor companies, with license revenue of $35m for the quarter, up 90% on the previous year and royalties up 850% to $59.7. For the full year, the company expects revenues of $340m to $360m and profits of approximately US$87m.
The company saw its second design win with opto-electronics products and tapeouts of several leading next generation products for solutions in 224G, PCI-Express Gen6, CXL3.0, HBM 3.0, and UCIe at 5nm and 4nm process nodes.
Licence and NRE bookings in Q4 2022 were mostly at 7nm, 5nm and 4nm. The company expects further design wins in 3nm and continues to work with its foundry partners in 3nm and beyond.
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This is also the first full quarter that includes the consolidation of OpenFive, the RISC-V design group acquired from SiFive.
|
US$m |
Q4 2022 |
Q4 2021 |
Change |
|
Licence and NRE |
35.1 |
18.5 |
90 % |
|
Royalties and Silicon Orders |
59.7 |
7.0 |
nm |
|
New Bookings (excluding VeriSilicon and WiseWave multi-year subscription licences) |
94.8 |
25.5 |
272 % |
|
Additional design win activity – FSA drawdowns and China re-sale licences1 |
– |
– |
nm |
|
WiseWave multi-year subscription licences |
– |
– |
nm |
|
Number of end-customers (as at end of period)2 |
69 |
20 |
nm |
“We ended FY 2022 with strong design win momentum and a rapidly expanded customer base. Building on a broader product portfolio, our design win pipeline remains strong as we can now address more of our customers’ connectivity needs, via both silicon IP and custom silicon,” said Tony Pialis, President and Chief Executive Officer of Alphawave IP.
“In Q4 2022, we saw the benefits of our hybrid business model and the potential to further monetise our high-performance IP through silicon. We also recently completed several major tapeouts for new next generation products in the 224G, HBM, and UCIe-based chiplets. All of this makes us very excited about the year ahead and we remain confident in the long-term growth potential of our business,” he said.
In Q4 2022, Alphawave joined TSMC’s Open Innovation Platform (OIP) 3DFabric Alliance. As a founding member, Alphawave will support TSMC’s OIP in order to drive a new chiplet based ecosystem to accelerate next generation semiconductor developments.
Alphawave says it now has seven of the top ten semiconductor device companies as customers.
