As Qualcomm looks to lessen its reliance on the smartphone market, Alphawave would provide it with technology used in data centres
The offer equates to about 183 pence per share for Alphawave, the companies said in a statement on Monday. That’s a 96 per cent premium to the company’s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks. The deal, which is still subject to regulatory and shareholder approval, is expected to close in the first quarter of 2026.
Qualcomm chief executive officer Cristiano Amon is looking to lessen the company’s reliance on the smartphone market, where growth has slowed, and push into new areas. Alphawave makes high-speed semiconductor and connectivity technology that can be used for data centres and AI applications, two growth areas in the chip industry that are being driven by demand for products like OpenAI’s ChatGPT.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 91 TCF vendor(s) and 19 ad partner(s), or used specifically by this site or app.
Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page to manage or withdraw consent in privacy and cookie settings.
