US EditionUS Chipmaker Qualcomm Agrees to Buy UK’s Alphawave in $2.4bn Deal
- U.S. chipmaker Qualcomm agreed to acquire British semiconductor firm Alphawave for about $2.4 billion on Monday.
- Qualcomm and SoftBank-owned Arm showed takeover interest in Alphawave's 'serdes' technology earlier in April, but Arm withdrew after initial talks.
- Alphawave designs semiconductor technology used in data centers, networking, and storage and completed disposing its WiseWave stake to state shareholders on Monday.
- The offer values Alphawave shares at 183 pence each, nearly a 96% premium to pre-offer prices, causing shares to jump over 22% in London trade.
- The deal, recommended by Alphawave’s board, is expected to complete in early 2026 and will see Alphawave exit the London market amid broader U.S. acquisitions of British assets.
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American semiconductor giant Qualcomm plans to buy British industry colleague Alphawave for $2.4 billion – equivalent to just over SEK 23 billion.
·Stockholm, Sweden
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Coverage Details
Total News Sources72
Leaning Left3Leaning Right4Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 17%
C 61%
R 22%
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