Press release content from Globe Newswire. The AP news staff was not involved in its creation. ALPHAWAVE IP AND VERISILICON EXPAND PARTNERSHIP WITH $54M MULTI-YEAR EXCLUSIVE SUBSCRIPTION ... AlphawaveFebruary 26, 2021 GMT TORONTO, ONTARIO, CANADA, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Alphawave IP, the world leader in multi-standard connectivity IP solutions, today announced that it has negotiated a $54M multi-year exclusive subscription reseller agreement with VeriSilicon for the China market. Under the terms of the agreement, VeriSilicon will be Alphawave’s exclusive IP reseller for Alphawave’s entire IP portfolio for the entire China market. “Success in China requires a respected and fully-scaled partner like VeriSilicon,” said Tony Pialis, President and CEO of Alphawave. “Wayne Dai and his team at VeriSilicon have established themselves as the top ASIC company in China, and we are excited to expand our relationship with VeriSilicon with this subscription agreement as we continue to grow our already-successful business in China.”