InspireSemi Provides Business Update and Announces Private Placement

VANCOUVER, British Columbia and AUSTIN, Texas, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc.  ("InspireSemi" or the "Company"), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, is today providing the following business update.

Business Update

The Company is pleased to announce the initial A0 Thunderbird "supercomputer-on-a-chip" devices completed fabrication at TSMC last month and are currently being packaged onto substrates at ASE. We expect to begin initial testing and validation in September and look forward to further engaging with our early customers and partners through this process.

We will host our next shareholder webinar on September 18, 2025 at 1:00pm EDT. You can register and join at this link: https://us06web.zoom.us/j/81314187313?pwd=dnDdzmzHxY3QMnSSpP9GAlEEE6gSrN.1.

Details of Incremental Funding Secured

The Company has received an additional funding commitment for a private placement financing for total proceeds of US$3,000,000 (the "Financing"). The Financing will be comprised of proportionate voting share units ("PV Units") at $8.85 per PV Unit, comprised of one proportionate voting share ("PV Share") and one PV Share Warrant (exercisable at $8.85 per PV Share for 5 years from closing).

The Company will announce closing of the Financing with additional detail by further press release.

About InspireSemi

InspireSemi provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph ...