KUALA LUMPUR, March 1 (Bernama) -- Alphawave IP recently announced that it has negotiated a US$54 million multi-year exclusive subscription reseller agreement with VeriSilicon for the China market. (US$1 = RM4.053)
According to the world leader in multi-standard connectivity IP solutions in a statement, under the terms of the agreement, VeriSilicon will be its exclusive IP reseller for Alphawave’s entire IP portfolio.
“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,” said Alphawave President and Chief Executive Officer (CEO), Tony Pialis.
Meanwhile, VeriSilicon Chairman, President and CEO, Wayne Dai said: “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.”
-- BERNAMA
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