Q4 2022 Trading and Business Update

• Record quarterly bookings, exceeding US$100m for the first time
• First 3nm design win with a top North American hyperscaler
• Design win with a leading APAC customer for our leading Gen6 PCIe SerDes and Controller IP
• Strong rate of quarterly design wins reflects the scalability of our technology
• Expanded customer base with 8 new design wins, including 1 new custom silicon design win and 7 IP licence design wins
• Management remains confident in the outlook for the business

LONDON, United Kingdom and TORONTO, Ontario, Canada 28 April 2023 – 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 2023.

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