Qualcomm Eyes Alphawave Amid Takeover Rules

Qualcomm is evaluating a potential acquisition of the UK-based semiconductor company Alphawave, which saw its stock value soar by over 47% following the news. Qualcomm's interest is driven by Alphawave's high-speed connectivity solutions crucial for AI technologies, used extensively in data centers. Although Qualcomm has announced its consideration of a bid, there is no certainty of a firm offer, and it must decide by April 29, 2025, to comply with UK takeover regulations. This potential acquisition aligns with Qualcomm's strategy to expand its portfolio in AI, computing, and connectivity, following its recent acquisition of VinAI's generative AI division. Previously, Arm Holdings had also considered acquiring Alphawave but decided against it.