Qualcomm Acquires Alphawave to Cement AI and Data-Centric Ambitions
Jun/09/2025
In a $2.4 billion acquisition, Qualcomm will acquire U.K.-listed Alphawave IP Group, offering a 96% premium at 183 pence per share, as the American chipmaker sharpens its edge in AI, data centers, and high-speed connectivity. The move, expected to close in early 2026, underscores Qualcomm’s ambition to expand its technological footprint beyond mobile chips, leveraging Alphawave’s low-power, high-speed data transmission capabilities for applications spanning 5G, autonomous vehicles, and solid-state storage. Despite Alphawave’s lackluster performance since its 2021 London IPO, the deal signals Qualcomm’s long-term confidence in demand for efficient data infrastructure amid the AI boom. As Qualcomm vies with rivals like Nvidia and Apple for dominance in semiconductors, this strategic buy aligns with its broader portfolio that spans mobile, IoT, and automotive solutions, while reinforcing its commitment to enabling on-device AI processing at scale.
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