AlphaWave will acquire Israeli chip developer Banias Labs for $ 240 million

Banias Labs, a data center optical digital signal processing (DSP) chip developer headquartered in Israel, has been acquired by the AlphaWave IP Group for $ 240 million, and the latter develops a high -speed connection solution for technical infrastructure. Banias laboratory was founded by senior entrepreneur Avigdor Willenz and CEO Amnon ROM, Amri Levy, Alex Shinkar, and OR VIDAL in 2020.

Willenz is also the first investor in the Habana Lab. The laboratory was sold to Intel at a price of $ 2 billion in 2019. It is also one of the founders of Galileo Technology. The company was sold to $ 2.7 billion in 2001 to Marvell Technology Group and Annapurna Lab were sold to Amazon for $ 370 million in 2015.

The Banias Lab has maintained a relatively low -key since its establishment. It has developed related optical DSP semiconductor technology. At present, there are about 50 employees, most of which are R & D personnel. The acquisition strengthened the roadmap to provides data centers to provide data centers with light DSP silicon products, and the data center is the core high -growth market of AlphaWave. Alphawave was listed on the London Stock Exchange with a market value of about 880 million US dollars and only 150 employees. Therefore, this acquisition is particularly important for the company.

AlphaWave said that it expects new optical products to begin mass production in 2024. As the product enters a large number of production and generates additional income, the profitability will increase from the level of 2023. While acquiring Banias Labs, AlphaWave announced that it has discussed a non -binding multi -year procurement framework with a leading super signal processor in North America. Combined with DSP, including the related DSP technology of Banias Labs, sales may increase to more than $ 300 million.

Tony Pialis, president and CEO of Alphawave, said: "The optical DSP technology of the banias laboratory provides a strong strategic advantage for AlphaWave, which strengthens us to provide DSP chip solutions for data centers. The most advanced process technology combination of electrical and optical solutions. Many years of procurement framework includes related optical solutions. By acquiring Banias, Alphawave is expanding its total available in the next generation of related light solutions to the most advanced data center Meet the market. "