AST SpaceMobile Reaches Major Milestone on Path to Space-Based Cellular Network

• AST SpaceMobile's custom ASIC chip enters manufacturing stage with TSMC, enabling 10x bandwidth improvement for satellites • ASIC development marks over 4 years and $45M invested, unlocking seamless global cellular broadband • ASIC critical to Block 2 satellites, building on launch of Block 1 satellites in coming months • Strategic partners include TSMC, AT&T, Google, Vodafone; 40+ mobile network operator deals with 2B+ subscribers • SpaceMobile on mission to eliminate connectivity gaps for 5B mobile users by launching first space-based cellular network