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This week (09/06/2025), Qualcomm announced that it has reached an agreement to acquire Alphawave Semi for a valuation of US$2.4 billion, which is half of what Alphawave was valued at in 2021. The deal is expected to be finalised by the first quarter of 2026. The agreement comes as the London Stock Exchange struggles to retain tech companies and attract new initial public offerings (IPOs), with Darktrace being acquired by Thoma Bravo and Deliveroo also being acquired by a US competitor, DoorDash.
According to Qualcomm, the acquisition of Alphawave Semi will provide crucial resources for their expansion into data centres and, with Qualcomm's next-gen Oryon CPU and Hexagon NPU processors, position them well to meet the ever-increasing demand for high-performance, low-power computing, which has been primarily driven by the growing use and need for AI.
With Cristiano Amon, CEO of Qualcomm, saying, "Alphawave Semi has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient CPU and NPU cores," and “Qualcomm’s advanced custom processors are a natural fit for data centre workloads"
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