CFIUS Clearance: Alphawave IP Group plc and OpenFive business unit from SiFive Inc.

Status:                  Clearance

Acquirer:             Alphawave IP Group plc (United Kingdom)

Acquired:             OpenFive business unit from SiFive Inc. (U.S.)

Value:                   $210 million

Industry Tags:    Semiconductors

On March 14, 2022, Alphawave IP Group plc (LN:AWE), a U.K.-based publicly traded “global leader in high-speed connectivity for the world’s technology infrastructure,” announced “the acquisition of the entire OpenFive business unit from SiFive Inc,” which is a “leader of RISC-V computing based in San Mateo, California.”  (Alphawave IP Group Press Release, Alphawave IP Announces Definitive Agreement to Acquire Entire OpenFive Business Unit from SiFive for US$210m in cash, Mar. 14, 2022.)  On August 26, 2022, Alphawave IP Group announced it “received all regulatory clearances required for the completion of the previously announced acquisition of OpenFive, including approval from the Committee on Foreign Investment in the United States (CFIUS).” (Alphawave IP Group Press Release, Alphawave IP Acquisition of OpenFive Approved by All Regulators, Aug. 26, 2022.)

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