Qualcomm introduced it has reached an settlement to amass British chip design agency Alphawave Semi in a deal that’s reportedly valued at $2.4 billion. The deal will play a key position in Qualcomm’s progress throughout the information middle market whereas complementing its Oryon cell CPU and Hexagon NPU growth.
Alphawave additionally holds key IP throughout customized silicon chips, AI and connectivity merchandise. It additionally has “industry-leading high-speed connectivity options” for autonomous automobiles and solid-state storage.
Qualcomm’s acquisition of Alphawave Semi represents a major milestone for us and a possibility for our enterprise to affix forces with a revered {industry} chief and drive worth to our prospects.
By combining our assets and experience, we shall be well-positioned to develop our product choices, attain a broader buyer base, and improve our technological capabilities.
Collectively, we are going to unlock new alternatives for progress, drive innovation, and create a number one participant in AI compute and connectivity options. – Tony Pialis, president and CEO of Alphawave Semi
Alphawave was based in 2017. As of 2023, it had over 829 workers and is forecast to achieve an addressable market of $39 billion by 2027. The Qualcomm acquisition deal will now should cross UK regulator approval and if all goes effectively, it must be accomplished in Q1, 2026.
