InspireSemi Reports Third Quarter 2022 Financial Results and Provides Business Update

Inspire Semiconductor Holdings Inc.

Company to Host Conference Call November 22, 2022 at 10:00 am ET

VANCOUVER, British Columbia and AUSTIN, Texas, Nov. 21, 2022 (GLOBE NEWSWIRE) — Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi” or the “Company”), a chip design company that has built a technology foundation to deliver revolutionary performance, today announced financial results for the third quarter ended September 30, 2022 and provided a business update. All financial information is presented in United States (“US”) Dollars unless otherwise indicated.

“In the third quarter, we made substantial progress executing on our plan to become a game-changer in the accelerated computing solution industry,” said Ron Van Dell, CEO of InspireSemi. “We are in the final development stages of our anxiously awaited next-generation Thunderbird compute accelerator, which will deliver revolutionary performance, energy efficiency, versatility, and ease of programming that leverages the thriving and open RISC-V software ecosystem. In addition, we positioned ourselves for future success by increasing our access to the global investment community with our TSX Venture listing.”

“We remain on track to deliver the first Thunderbird chips to early customers in the first half of 2023 and begin to scale more broadly in the second half of that year. Once Thunderbird is launched, with its ability to reach across multiple, diversified markets, we expect our…

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