From Financial Modeling Prep: 2025-06-09 08:27:00

Qualcomm (NASDAQ:QCOM) is set to acquire Alphawave IP Group, a U.K. chipmaker, in a $2.4 billion deal to boost data center and AI connectivity. The $2.48 per share offer is a 96% premium over Alphawave’s last closing price, signaling Qualcomm’s bullish outlook on next-gen connectivity.

The acquisition strengthens Qualcomm’s presence in high-speed connectivity solutions for data centers and AI workloads, expanding its IP portfolio and bolstering its AI system offerings. Advisors for the deal include Goldman Sachs International and BMO Capital Markets, highlighting the significance of this tech consolidation in the semiconductor industry.

Alphawave’s board has recommended the cash offer and an alternative offer, with Qualcomm and Bidco securing irrevocable undertakings for 50.1% of Alphawave’s shares. This acquisition reflects the ongoing trend of semiconductor M&A activity as companies position themselves for growth in the AI era, emphasizing the importance of data, AI, and cloud technologies.



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