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Qualcomm to acquire Alphawave for $2.4 billion in AI push
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Qualcomm to acquire Alphawave for $2.4 billion in AI push
On June 9, Qualcomm announced that it would purchase Alphawave IP Group for an estimated $2.4 billion in implied enterprise value. Qualcomm’s fully owned subsidiary, Aqua Acquisition Sub LLC, will carry out the acquisition as a strategic move to expand the company’s product line beyond smartphone chips and strengthen its presence in AI-powered data centers. Qualcomm’s goal to satisfy the increasing demand for AI inferencing, a crucial component …
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