Qualcomm has acquired Alphawave Semi, a U.K.-based semiconductor company focused on high-speed data center connectivity, for around $2.4 billion.
LONDON--(BUSINESS WIRE)--Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has reached an agreement with Alphawave IP Group plc (AWE.L) (“Alphawave Semi”) regarding the terms and conditions of a recommended acquisition by Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm Incorporated, for the entire issued and to be issued ordinary share capital of Alphawave Semi at an implied enterprise value of approximately US$2.4 billion. The acquisition of Alphawave Semi.
British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 12.
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Semiconductors Industry | Technology Sector | Mr. Tony Pialis CEO | OTC PINK Exchange | GB00BNDRMJ14 ISIN |
GB Country | 991 Employees | - Last Dividend | - Last Split | - IPO Date |
Alphawave IP Group plc is a leading company in the field of connectivity solutions, founded in 2017 with its headquarters situated in London, the United Kingdom. The company specializes in designing, developing, and commercializing advanced technology for a wide range of applications. Alphawave IP Group plc has established a strong presence across several key markets, including North America, the Asia Pacific, Europe, and the United Kingdom, catering to the dynamic needs of industries such as data centers, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage. With a focus on innovation and excellence, Alphawave IP Group plc continues to advance the frontiers of connectivity technology.