Reported 2 days ago
On June 9, Qualcomm Incorporated announced its acquisition of Alphawave for approximately $2.4 billion, aiming to strengthen its position in the expanding AI data center sector. This move comes as Qualcomm adapts to changing market needs, particularly as Apple's shift to in-house processors impacts its traditional client base. The acquisition is projected to be completed by Q1 2026, pending regulatory approvals, and is seen as beneficial for advancing connected computing technologies.
Source: YAHOO