Reported 2 days ago
Qualcomm Inc. has reached a deal to purchase the London-based semiconductor firm Alphawave IP Group Plc for approximately $2.4 billion in cash as part of its strategy to diversify beyond the smartphone market and enhance its capabilities in artificial intelligence. The acquisition proposal, which represents a significant premium over Alphawave's recent share prices, awaits regulatory and shareholder approval and is anticipated to finalize by early 2026.
Source: YAHOO