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A PCIe port expander that expands one connector to 4 PCIe Gen 2 slots. It uses the ASM1184 controller, so it does not require driver installation and works immediately after connecting (plug and play). It can be powered with 12 V via the PCIe connector or 5/12 V via an external DC connector.

Intended, among others to work with CM4 IO Board expansion boards for Raspberry Pi Compute Module 4. Full documentation with examples of use is available on the product page.
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The Compute Module 4 IO Board is a companion board for Raspberry Pi Compute Module 4 (supplied separately). It is designed for use both as a development system for Compute Module 4 and as an embedded board integrated into end products.
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4-channel PCIe port expander. It can be powered with 12 V via a PCIe connector or an external DC connector. Waveshare PCIe-Packet-Switch-4P