Alphawave agrees to $2.4bn takeover by Qualcomm

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The UK chip designer Alphawave has agreed to a $2.4bn (£1.8bn) takeover by Qualcomm. The deal is expected to be completed in the first quarter of 2026.

Qualcomm acquires Alphawave Credit: adobe.stock.com

Alphawave designs and licenses high-speed connectivity technology that can be used in datacentres and AI applications.

The chief executive of Alphawave, Tony Pialis, said the takeover represented an opportunity to “expand our product offerings, reach a broader customer base, and enhance our technological capabilities”.

The acquisition of Alphawave Semi will help Qualcomm to further accelerate, and provide key assets for, its expansion into data centres. Qualcomm Oryon CPU and Hexagon NPU processors are thought to be well positioned to meet the growing demand for high-performance, low-power computing, which is being driven by a rapid increase in AI inferencing and the transition to custom CPUs in data centres.

Alphawave Semi’s products form a part of the core infrastructure enabling next generation services in a wide array of high growth applications, not just including data centres, but AI, data networking and data storage.

“Alphawave Semi has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient CPU and NPU cores,” said Cristiano Amon, president and CEO of Qualcomm. “Qualcomm’s advanced custom processors are a natural fit for data centre workloads. The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance across a wide array of high growth areas, including data centre infrastructure.”

“Together, we will unlock new opportunities for growth, drive innovation, and create a leading player in AI compute and connectivity solutions,” added Pialis.