Reported about 10 hours ago
Qualcomm has announced its acquisition of British semiconductor company Alphawave for approximately $2.4 billion to bolster its AI data center portfolio. This move aims to diversify Qualcomm's offerings as it seeks to lessen its reliance on the smartphone chip market. Alphawave's share price surged over 22% following the news, and the deal is expected to close in the first quarter of 2026.
Source: YAHOO