OpenFive Risk Report

🏗️ Operational & Business Continuity

OpenFive's recent history includes significant changes in its operations, notably involving strategic acquisitions that could impact its business continuity. These activities, while indicative of growth and expansion, carry inherent risks associated with integration and business transformation. A critical development was the acquisition by Alphawave, which is expected to reshape the company's operational dynamics with potential challenges in harmonizing business processes.

• Alphawave announced the completion of its acquisition of OpenFive on 🗓 September 1, 2022.
• The definitive agreement for this acquisition, valued at $210 million, was initially declared on 🗓 March 14, 2022.
• Regulatory approval for the acquisition was secured on 🗓 August 26, 2022, reflecting compliance and clearance for operational changes.

📜 Innovation & R&D

OpenFive's commitment to innovation is evident through its continuous development in the semiconductor manufacturing industry. The company has been advancing its ASIC and SoC design technologies, which are crucial for maintaining competitive advantages in this technology-driven sector. The focus on enhancing chiplet ecosystems signifies a strategic push towards cutting-edge semiconductor solutions.

• On 🗓 April 5, 2021, OpenFive launched a die-to-die interface solution for the chiplet ecosystem, showcasing its focus on innovative semiconductor designs.

⚖️ Legal & Regulatory

OpenFive's business activities, especially involving high-value acquisitions, are subject to regulatory scrutiny to ensure compliance and prevent legal infringements. The careful navigation of regulatory requirements in acquisition processes could pose potential legal risks, necessitating diligent compliance strategies.

• The acquisition by Alphawave was approved by all regulators on 🗓 August 26, 2022, ensuring legal compliance and adherence to industry standards.