Alphawave IP Group Reports Record Bookings and Strategic Growth in 2024

Alphawave IP Group ( (GB:AWE) ) has issued an announcement.

Alphawave IP Group announced record bookings of $515.5 million for 2024, reflecting a 34% increase year-on-year, driven by strong demand for its connectivity technology in data centers and AI. Despite a slight decline in total revenue and operating profit, the company maintained its leadership in connectivity and chiplet innovation, strengthened partnerships, and expanded its IP product portfolio. The strategic moves, including a partnership with Siemens EDA and new product launches, position Alphawave Semi for long-term growth, although economic uncertainties prevent providing full-year guidance for 2025.

More about Alphawave IP Group

Alphawave Semi is a global leader in high-speed connectivity for technology infrastructure, focusing on enabling faster, more reliable data transmission with high performance and low power. As a vertically integrated semiconductor company, it offers IP, custom silicon, connectivity products, and chiplets for data centers, networking, AI, 5G, and more.

YTD Price Performance: 43.30%

Average Trading Volume: 2,011,170

Technical Sentiment Signal: Hold

Current Market Cap: £951.7M

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