Methods and systems are described for obtaining a set of carrier-modulated symbols of a carrier-modulated codeword, each carrier-modulated symbol received via a respective wire of a plurality of wires of a multi-wire bus, applying each carrier-modulated symbol of the set of carrier-modulated symbols to a corresponding transistor of a set of transistors, the set of transistors further connected to a pair of output nodes according to a sub-channel vector of a plurality of mutually orthogonal sub-channel vectors, recovering a demodulation signal from the carrier-modulated symbols, and generating a demodulated sub-channel data output as a differential voltage on the pair of output nodes based on a linear combination of the set of carrier-modulated symbols by controlling conductivity of the set of transistors according to the demodulation signal.