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Time of India
10-06-2025
- Business
- Time of India
Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal
HighlightsQualcomm Incorporated has agreed to acquire Alphawave Semi for approximately $2.4 billion, aiming to expand into the rapidly growing artificial intelligence data center market. Alphawave Semi's shareholders will receive 183 pence per share, a nearly 96% premium compared to the closing price prior to Qualcomm's interest, causing Alphawave's shares to surge over 22%. Qualcomm's acquisition of Alphawave Semi is expected to close in the first calendar quarter of 2026 and is not anticipated to face significant regulatory challenges, as Alphawave has exited its Chinese joint venture. U.S. chipmaker Qualcomm agreed to acquire Alphawave for about $2.4 billion on Monday, as it expands into the booming AI data center market , sending shares of the British semiconductor company surging more than 22%. Alphawave, which designs semiconductor tech for data centers, is the latest British company to be snapped up in a market plagued by low valuations and stunted growth, with U.S. buyers swooping on firms at comparatively low prices and better-performing bourses proving more attractive for share listings. It can help Qualcomm diversify into the data center market, as the biggest provider of smartphone chips looks to reduce its dependence on the industry. Qualcomm, which counts Apple and major android players such as Xiaomi among its customers, has doubled-down on catering to industries such as data centers and personal computers as the iPhone maker increasingly turns to in-house processors. "The acquisition of Alphawave Semi aims to further accelerate and provide key assets for Qualcomm's expansion into data centers," the company said. Alphawave shareholders will receive 183 pence per share - a near 96% premium to the March 31 closing price immediately before Qualcomm disclosed its interest. News of the deal sent the stock up more than 22%. Shares of Qualcomm rose about 4%. Qualcomm also made two alternative all-share offers for Alphawave on Monday after multiple deadline extensions from the UK takeover panel. However, Alphawave plans to unanimously recommend the cash offer to its shareholders, deeming it fair and reasonable. Jefferies analysts said they do not expect the deal to meet any material regulatory obstacles, after Alphawave exited its Chinese joint venture, WiseWave. "Alphawave has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient central processing unit and neural processing unit cores," Cristiano Amon, president and CEO of Qualcomm, said. The acquisition is expected to close during the first calendar quarter of 2026. SoftBank-owned Arm had also sought to acquire Alphawave but decided not to pursue the takeover, Reuters had reported in April citing sources.
Indian Express
10-06-2025
- Business
- Indian Express
Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal
U.S. chipmaker Qualcomm agreed to acquire Alphawave for about $2.4 billion on Monday, as it expands into the booming AI data center market, sending shares of the British semiconductor company surging more than 22%. Alphawave, which designs semiconductor tech for data centers, is the latest British company to be snapped up in a market plagued by low valuations and stunted growth, with U.S. buyers swooping on firms at comparatively low prices and better-performing bourses proving more attractive for share listings. It can help Qualcomm diversify into the data center market, as the biggest provider of smartphone chips looks to reduce its dependence on the industry. Qualcomm, which counts Apple and major android players such as Xiaomi among its customers, has doubled-down on catering to industries such as data centers and personal computers as the iPhone maker increasingly turns to in-house processors. 'The acquisition of Alphawave Semi aims to further accelerate and provide key assets for Qualcomm's expansion into data centers,' the company said. Alphawave shareholders will receive 183 pence per share — a near 96% premium to the March 31 closing price immediately before Qualcomm disclosed its interest. News of the deal sent the stock up more than 22%. Shares of Qualcomm rose about 4%. Qualcomm also made two alternative all-share offers for Alphawave on Monday after multiple deadline extensions from the UK takeover panel. However, Alphawave plans to unanimously recommend the cash offer to its shareholders, deeming it fair and reasonable. Jefferies analysts said they do not expect the deal to meet any material regulatory obstacles, after Alphawave exited its Chinese joint venture, WiseWave. 'Alphawave has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient central processing unit and neural processing unit cores,' Cristiano Amon, president and CEO of Qualcomm, said. The acquisition is expected to close during the first calendar quarter of 2026. SoftBank-owned Arm had also sought to acquire Alphawave but decided not to pursue the takeover, Reuters had reported in April citing sources.
Business Times
09-06-2025
- Business
- Business Times
Qualcomm strengthens AI portfolio with US$2.4 billion Alphawave deal
[BENGALURU] US chipmaker Qualcomm agreed to acquire Alphawave for about US$2.4 billion on Monday (Jun 9), as part of efforts to strengthen its AI technology, sending shares of the British semiconductor company up by almost a quarter. Alphawave is the latest British company to be snapped up in a market plagued by low valuations and stunted growth, with US buyers swooping on firms at comparatively low prices and better-performing bourses proving more attractive for share listings. Alphawave shareholders will receive 183 pence per share – a near 96 per cent premium to the March 31 closing price immediately before Qualcomm disclosed its interest. By 0837 GMT, the stock was up 23.1 per cent, trading just above the offer price. Jefferies analysts said they do not expect the deal to meet any material regulatory obstacles, after Alphawave exited its Chinese joint venture, WiseWave, on Monday. Qualcomm also made two alternative all-share offers for Alphawave on Monday after multiple deadline extensions from the UK takeover panel. However, Alphawave plans to unanimously recommend the cash offer to its shareholders, deeming it fair and reasonable. Separately, US-based quantum computing company IonQ agreed to buy UK tech start-up Oxford Ionics in a US$1.1 billion deal. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Alphawave, which designs semiconductor tech for data centres, networking, and storage, is a strategic buy for Qualcomm, which announced its return to the data centre CPU market in May. 'Alphawave has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient central processing unit (CPU) and neural processing unit (NPU) cores,' Cristiano Amon, president and CEO of Qualcomm, said. Alphawave also garnered takeover interest in April from SoftBank-owned Arm for its 'serdes' tech, which boosts chip data processing speeds – key for AI development – and underpins Broadcom's and Marvell Technology's multibillion-dollar custom chip businesses. Arm walked away after initial discussions with Alphawave, Reuters exclusively reported in April citing sources. REUTERS
The Star
09-06-2025
- Business
- The Star
Qualcomm strengthens AI portfolio with US$2.4bil Alphawave deal
FILE PHOTO: A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo U.S. chipmaker Qualcomm on Monday agreed to acquire British semiconductor company Alphawave for about $2.4 billion as part of efforts to strengthen its artificial intelligence technology. Alphawave shareholders will receive 183 pence per share, a nearly 96% premium to the price immediately before Qualcomm disclosed its interest in the company. The shares jumped 22% in early London trade to just below the offer price. U.S.-based firms have been snapping up British assets, taking advantage of a market that is plagued by comparatively weaker valuations and stunted growth. Alphawave, which designs and licenses semiconductor technology for data centers, networking and storage, had garnered takeover interest from Qualcomm and SoftBank-owned chip tech provider Arm in early April for its 'serdes' technology. The technology underpins the speed at which data is processed by chips - crucial for AI development - and serves as the foundation for Broadcom's and Marvell Technology's multibillion-dollar bespoke chip businesses. Arm walked away after initial discussions with Alphawave, Reuters exclusively reported in April citing sources. Qualcomm also tabled two alternative all-share offers to Alphawave's shareholders, after receiving multiple extensions from the UK's takeover panel to table a firm offer. The British company said it considers the terms of the cash offer to be fair and reasonable and intends to unanimously recommend it to its shareholders. Alphawave also completed the disposal of its stake in WiseWave, its joint venture with Chinese investment firm Wise Road Capital, to existing state shareholders on Monday. - Reuters
Time of India
09-06-2025
- Business
- Time of India
Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal
U.S. chipmaker Qualcomm on Monday agreed to acquire British semiconductor company Alphawave for about $2.4 billion as part of efforts to strengthen its artificial intelligence technology. Alphawave shareholders will receive 183 pence per share, a nearly 96% premium to the price immediately before Qualcomm disclosed its interest in the company. The shares jumped 22% in early London trade to just below the offer price. U.S.-based firms have been snapping up British assets, taking advantage of a market that is plagued by comparatively weaker valuations and stunted growth. Alphawave, which designs and licenses semiconductor technology for data centers, networking and storage, had garnered takeover interest from Qualcomm and SoftBank-owned chip tech provider Arm in early April for its 'serdes' technology. The technology underpins the speed at which data is processed by chips - crucial for AI development - and serves as the foundation for Broadcom's and Marvell Technology's multibillion-dollar bespoke chip businesses. Arm walked away after initial discussions with Alphawave, Reuters exclusively reported in April citing sources. Qualcomm also tabled two alternative all-share offers to Alphawave's shareholders, after receiving multiple extensions from the UK's takeover panel to table a firm offer. The British company said it considers the terms of the cash offer to be fair and reasonable and intends to unanimously recommend it to its shareholders. Alphawave also completed the disposal of its stake in WiseWave, its joint venture with Chinese investment firm Wise Road Capital, to existing state shareholders on Monday.
