Q4 2023 Trading and Business Update

• Record quarterly bookings of US$128.7m
• Record quarterly licence and NRE bookings of US$121.1m up 245% over Q4 2022
• Approximately 90% of licence & NRE bookings in advanced nodes, 7nm and below
• Major extension of IP development and licencing deal with leading APAC customer
  including UCIe, PCIeGen7, 224G and 2nm technology
• 3nm HPC1 chiplet-based custom silicon design win for a leading European HPC supplier
• 7 new design wins, mainly in APAC, Europe and North America
• Partnership with ARM expands addressable market
• Strong pipeline of opportunities in Q1 2024 and FY 2024
• Management remains confident in the outlook for the business

LONDON, United Kingdom and TORONTO, Ontario, Canada 22 January 2024 – Alphawave IP Group plc (LN: AWE, the “Company” or “Alphawave Semi”), a global leader in high-speed connectivity for the world’s technology infrastructure, is pleased to publish its trading and business update for the three months ended 31 December 2023.

For detailed update and more reports, visit “Alphawave Semi Financial Results”