Alphawave Semi Trading and Business Update for the Three Months Ended 31 March 2024

• Second consecutive quarter of bookings above $100m at US$117.9m
• Licence and NRE bookings of US$108.9m up 75% over Q1 2023
• Lower silicon orders reflect accelerated transition away from China
• Approximately 95% of licence & NRE bookings in advanced nodes, 5nm and below
• 9 new design wins, mainly in APAC and North America
• Strong pipeline of opportunities in FY 2024
• Management remains confident in the outlook for the business

LONDON, United Kingdom and TORONTO, Ontario, Canada 23 April 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 March 2024.

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