Alphawave IP Group, a global leader in high-speed connectivity for the world’s technology infrastructure announced the acquisition of Banias Labs, an Israel-based optical Digital Signal Processing (DSP) chip developer for data centers for approximately US$240 million. The acquisition strengthens Alphawave’s roadmap of optical DSP silicon products for data centers, a core high growth market for Alphawave.
Alongside the acquisition of Banias Labs, Alphawave has negotiated a non-binding, multi-year purchasing framework with a leading North American hyperscaler that proposes a multi-year roadmap for Alphawave to develop and sell a portfolio of optical products and DSPs, including coherent DSP technology from Banias Labs, with sales potentially ramping to over US$300 million.
