Alphawave Extends Deadline for Qualcomm Bid as Talks Continue:
Alphawave IP Group Plc said it has extended the deadline for Qualcomm Inc. to make a firm bid for ...
bloomberg.com/news/articles/2025-04-29/alphawave-extends-deadline-for-qualcomm-bid-as-talks-continue
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Key FactsQualcomm Acquires Alphawave in $2.4B Deal
Jun 9, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Qualcomm agreed to buy Alphawave for approximately $2.4 billion to enhance its AI technology offerings.
- The offer price of 183 pence per share reflects a premium of nearly 96% over Alphawave’s March 31 closing price.
- Alphawave specializes in semiconductor technology for data centers and networking, complementing Qualcomm’s CPU and NPU cores.
- Regulatory approval is expected to be smooth following Alphawave’s exit from 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 (CPU) and neural processing unit (NPU) cores.— Cristiano Amon, President and CEO of Qualcomm, on the acquisition of Alphawave.
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