Alphawave IP Group gets all regulatory approvals for OpenFive acquisition

Alphawave IP Group, a British wired connectivity solutions provider, said that it has secured all regulatory clearances needed for wrapping up the previously announced $210 million acquisition of US-based solution-centric silicon company OpenFive.

The approvals received include one from the Committee on Foreign Investment in the United States (CFIUS).

The deal was announced in March 2022.

OpenFive is being acquired by Alphawave IP Group from SiFive Inc., the founder of RISC-V computing.

Alphawave IP Group expects the deal to finalize next month should it meet other customary closing conditions.