Alphawave will be the latest company to quit London’s stock market after its sale to Qualcomm

Acquisition will lead to latest departure from London’s stock market

Alphawave will be the latest company to quit London’s stock market after its sale to Qualcomm

As Qualcomm looks to lessen its reliance on the smartphone market, Alphawave would provide it with technology used in data centres.

Qualcomm has acquired Alphawave Semi, a U.K.-based semiconductor company focused on high-speed data center connectivity, for around $2.4 billion.

Alphawave, Oxford Ionics and Spectris targeted as flagging share prices leave British companies vulnerable