Alphawave Semi

2y

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.

Alphawave Semi

2y

Alphawave Semi announced today a refocusing of the Board of Directors after reaching the three-year milestone since the Company’s IPO. LONDON, United Kingdom and TORONTO, Ontario, Canada 1 May 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, announced today a refocussing of the Board of Directors after reaching the three-year milestone since the Company’s IPO. The Board believes that the future needs of Alphawave Semi as a global vertically integrated semiconductor company, requires deeper Board expertise in artificial intelligence (AI) and datacentre infrastructure. In light of this, Paul Boudre, Susan Buttsworth, Victoria Hull and Rosalind Singleton have chosen not to put themselves forward for re-election at the upcoming Annual General Meeting (“AGM”). Jan Frykhammar, David Reeder, and Michelle Senecal-de-Fonseca will remain as Independent Non-Executive Directors, and accordingly at least half of the Board of Directors, excluding the Executive Chairman, will continue to be Independent Non-Executive Directors. The Company intends to recruit Directors with relevant Board experience in AI and datacentres.