ALPHAWAVE IP AND VERISILICON EXPAND PARTNERSHIP WITH $54M MULTI-YEAR EXCLUSIVE SUBSCRIPTION RESELLER AGREEMENT FOR CHINA MARKET

TORONTO, March 1 (Bernama-GLOBE NEWSWIRE) -- Alphawave IP, the world leader in multi-standard connectivity IP solutions, today announced that it has negotiated a $54M multi-year exclusive subscription reseller agreement with VeriSilicon for the China market. Under the terms of the agreement, VeriSilicon will be Alphawave’s exclusive IP reseller for Alphawave’s entire IP portfolio for the entire China market.

“Success in China requires a respected and fully-scaled partner like VeriSilicon,” said Tony Pialis, President and CEO of Alphawave. “Wayne Dai and his team at VeriSilicon have established themselves as the top ASIC company in China, and we are excited to expand our relationship with VeriSilicon with this subscription agreement as we continue to grow our already-successful business in China.”

“Tony Pialis and his team have built some of the best connectivity IP in the world, and in the most advanced technologies,” said Wayne Dai, Chairman, President and CEO of VeriSilicon. “We see tremendous demand for Alphawave connectivity products across our entire tier-one customer base in China. Together, we will continue to deploy semiconductor solutions that meet the needs of our most demanding customers.”

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