Alphawave IP, a provider of high-speed connectivity for the world’s technology infrastructure, agreed to acquire Precise-ITC, a complete ASIC and FPGA solutions provider, for $25m. "At our IPO we discussed team and technology acquisition opportunities to further accelerate our growth and we are pleased to announce our first acquisition. Precise-ITC has been a great partner of Alphawave IP since 2019. They have built a high-end and profitable business with an international customer base. Now as one team, we will have an expanded and vertically integrated portfolio of communications IPs to service the most advanced global customers in the networking and data center space. These customers include leading semiconductor companies and hyperscalers1 that demand high performance connectivity solutions in 4nm, 3nm and beyond," Tony Pialis, Alphawave IP President and CEO.