Alphawave IP Group plc (LSE: AWE) has announced the acquisition of Israeli ultra-high-speed chipmaker Banias Labs for $240 million. Based in Hod Hasharon, Banias Labs develops optical Digital Signal Processing (DSP) chips for data centers.
London-based Alphawave, which develops high-speed connectivity for the world’s technology infrastructure said that the acquisition would strengthen its portfolio of optical DSP silicon products for data centers.
RELATED ARTICLES
Avigdor Willenz has done it again
Israeli chip co Xsight Labs raises over $100m
Intel buys Israeli AI chip co Habana Labs for $2b
In parallel, Alphawave says it has negotiated a non-binding, multi-year purchasing framework with a North American hyperscaler that proposes a multi-year roadmap for the company to develop and sell a portfolio of optical products and DSPs, including coherent DSP technology from Banias Labs, with potential sales of over $300 million.
Alphawave CEO Tony Pialis said, “Banias Labs optical DSP technology provides a strong strategic advantage for Alphawave, strengthening our roadmap of DSP silicon solutions for data centers. This acquisition enhances our portfolio of electrical and optical solutions in the most advanced process technologies. The multi-year purchasing framework includes coherent optical solutions, and with the Banias acquisition, Alphawave is expanding its total addressable market by delivering next generation coherent optical solutions for the most advanced data centers.”
Founded in 2021, Banias Labs, which has remained in stealth, has developed DSP chips that utilize proprietary technology enabling ultra-high speed communications, together with physical layer security.
According to StartUp Nation Central, Banias Labs was founded by Avigdor Willenz, a veteran serial entrepreneur. He was the founder and CEO of communications chip company Galileo Technology which was sold to Marvell for $2.7 billion in 2000. He also founded semiconductor platform Annapurna Labs, which was sold to Amazon for $370 million in 2015, Leaba Semicnductor, which was sold to Cisco in 2016, and Habana Labs, which was sold to Intel for $2 billion in 2019.
Published by Globes, Israel business news – en.globes.co.il – on October 14, 2022.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
