Add-on Acquisition • Semiconductors

Alphawave Semi Acquires Banias Labs

On October 13, 2022, Alphawave Semi acquired semiconductors company Banias Labs for 240M USD

Acquisition Context

This is Alphawave Semi’s 2nd transaction in the Semiconductors sector.
This is Alphawave Semi’s largest (disclosed) transaction.
This is Alphawave Semi’s 1st transaction in Israel.

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M&A Deal Summary
Date	October 13, 2022
Target	Banias Labs
Sector	Semiconductors
Buyer(s)	Alphawave Semi
Deal Type	Add-on Acquisition
Deal Value	240M USD

Target Company

Banias Labs

Hod Hasharon, Israel

Banias Labs is an optical Digital Signal Processing ("DSP") chip developer for data centers that develops infrastructure solutions for next-generation communications. The company's products utilize proprietary technology that enables ultra-high-speed communications coupled with physical layer security. Banias Labs was formed in 2020 and is based in Hod Hasharon, Israel.

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Buyer Overview 1

Buyer

Alphawave Semi

London, United Kingdom

Category	Company
Founded	2017
Sector	Technology Hardware
Revenue	308M USD (2024)

DESCRIPTION

Alphawave Semi is a provider of technology services to meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Alphawave Semi was founded in 2017 and is based in London, England.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Semiconductors	2 of 2
Type: Add-on Acquisition	2 of 2
Country: Israel	1 of 1
Year: 2022	2 of 2
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-08-26	OpenFive Milpitas, California, United States OpenFive is a solution-centric silicon company offers end-to-end expertise in Architecture, IP Integration, Design Implementation, Software, Silicon Validation, and Manufacturing to deliver high-quality silicon in advanced nodes down to 5nm. OpenFive is based in Milpitas, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-08-26

OpenFive

Milpitas, California, United States

OpenFive is a solution-centric silicon company offers end-to-end expertise in Architecture, IP Integration, Design Implementation, Software, Silicon Validation, and Manufacturing to deliver high-quality silicon in advanced nodes down to 5nm. OpenFive is based in Milpitas, California.

Buy

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