Alphawave buys Israeli chipmaker Banias Labs for $240m

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Alphawave IP Team plc (LSE: AWE) has declared the acquisition of Israeli ultra-substantial-velocity chipmaker Banias Labs for $240 million. Dependent in Hod Hasharon, Banias Labs develops optical Digital Signal Processing (DSP) chips for information facilities.

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London-centered Alphawave, which develops substantial-velocity connectivity for the world’s engineering infrastructure explained that the acquisition would bolster its portfolio of optical DSP silicon products for information centers.

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In parallel, Alphawave claims it has negotiated a non-binding, multi-year purchasing framework with a North American hyperscaler that proposes a multi-12 months roadmap for the company to acquire and sell a portfolio of optical goods and DSPs, together with coherent DSP technological know-how from Banias Labs, with possible sales of above $300 million.

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Alphawave CEO Tony Pialis stated, “Banias Labs optical DSP technologies offers a potent strategic edge for Alphawave, strengthening our roadmap of DSP silicon options for information centers. This acquisition improves our portfolio of electrical and optical answers in the most innovative system systems. The multi-12 months obtaining framework contains coherent optical solutions, and with the Banias acquisition, Alphawave is increasing its total addressable sector by providing upcoming era coherent optical options for the most innovative information centers.”

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Started in 2021, Banias Labs, which has remained in stealth, has produced DSP chips that utilize proprietary technological innovation enabling extremely-significant pace communications, alongside one another with actual physical layer safety.

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According to StartUp Nation Central, Banias Labs was started by Avigdor Willenz, a veteran serial entrepreneur. He was the founder and CEO of communications chip firm Galileo Technologies which was marketed to Marvell for $2.7 billion in 2000. He also launched semiconductor platform Annapurna Labs, which was marketed to Amazon for $370 million in 2015, Leaba Semicnductor, which was bought to Cisco in 2016, and Habana Labs, which was sold to Intel for $2 billion in 2019.

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Posted by Globes, Israel organization information – en.globes.co.il – on Oct 14, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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