Alphawave IP Group gets all regulatory approvals for OpenFive acquisition

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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.

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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.

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