February 26, 2021, Shanghai, China-VeriSilicon (stock code: 688521), a leading chip design service company, announced today that it has been connected to the global leader in multi-standard IP solutions Alphawave IP Inc. (hereinafter referred to as "Alphawave ") Signed an exclusive distribution agreement, VeriSilicon has become its sole sales partner in mainland China, Hong Kong Special Administrative Region, and Macau Special Administrative Region, and has the exclusive right to sell Alphawave’s series of multi-standard SerDes IP. At the same time, VeriSilicon has become Alphawave’s The preferred ASIC partner worldwide.
VeriSilicon’s founder, chairman and CEO, Wayne Dai, said: “Alphawave has the world’s leading SerDes and related technologies. The advent of the digital and information age has promoted data center/cloud servers, artificial intelligence, and 5G infrastructure. The rapid development of related applications such as, data networks, and autonomous driving has created a huge demand for SerDes and related technologies. We see that Alphawave SerDes and related technologies are widely favored by first-class customers. In the future, we will work together with Alphawave to continue to serve customers Provide the best semiconductor solutions in the industry."
"VeriSilicon’s excellent and comprehensive technical capabilities and good market position can help Alphawave achieve greater success in China." Alphawave President and CEO Tony Pialis said, "VeriSilicon is China’s top ASIC company and ranked first in China. We are very pleased to expand our partnership with VeriSilicon through this exclusive distribution agreement and further expand our successful business in the Chinese market."
In 2020, Alphawave set new records in every financial indicator (orders, revenue, gross margin and EBITDA). Tony Pialis pointed out: "The Chinese market is very important to us. Chinese customers can now not only obtain our world-leading high-speed interface IP based on the most advanced process technology, but also the world-class chip design provided by VeriSilicon locally. Service and technical support."
About Alphawave IP Inc.
Alphawave is a global leader in multi-standard connectivity IP solutions for all devices around the world. Alphawave was established in 2017 in Toronto, Ontario, Canada. It is one of the fastest growing and most profitable companies in the semiconductor industry.
About VeriSilicon
VeriSilicon Microelectronics (Shanghai) Co., Ltd. (VeriSilicon, 688521.SH) is an enterprise that relies on its own semiconductor IP to provide customers with platform-based, all-round, one-stop chip customization services and semiconductor IP authorization services. In VeriSilicon’s unique chip design platform as a service (SiPaaS) business model, through a technology platform based on the company’s own semiconductor IP, VeriSilicon can create a complete package from definition to test in a short time Of semiconductor products, providing efficient and economical alternative solutions to semiconductor products for various customers including chip design companies, semiconductor vertical integrated manufacturers (IDM), system manufacturers and large Internet companies. Our business scope covers consumer electronics, automotive electronics, computers and peripherals, industry, data processing, Internet of Things and other industry applications. VeriSilicon has a variety of customized chip solutions, including high-definition video, high-definition audio and voice, in-vehicle entertainment system processors, video surveillance, Internet of Things connections, data centers, etc.; in addition, VeriSilicon also has 5 types of independently controllable processors IPs are graphics processor IP, neural network processor IP, video processor IP, digital signal processor IP, image signal processor IP, and more than 1,400 digital-analog hybrid IP and radio frequency IP. VeriSilicon was founded in 2001 and is headquartered in Shanghai, China. It has 6 design and R&D centers in China and the United States, 11 sales and customer support offices worldwide, and currently employs more than 1,000 people.