Newscasts - Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal
09/06/2025 12:03
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_k4506308&referenceId=tag:reuters.com,2025:newsml_RW038209062025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: U.S. chipmaker Qualcomm agreed to acquire Alphawave for about $2.4 billion on Monday, as part of efforts to strengthen its AI technology, sending shares of the British semiconductor company up by almost a quarter. Francis Maguire reports. Short Link: https://refini.tv/4mSldut Video Transcript: US chipmaker Qualcomm agreed to buy semiconductor firm Alphawave for about $2.4 billion on Monday. It's a strategic buy for Qualcomm as it tries to strengthen its AI technology. Alphawave is the latest British firm to be bought up in a market hit by low valuations and stunted growth. The announcement sent Alphawave shares up almost a quarter. Shareholders will receive a near 96% premium to the March 31 closing price immediately before Qualcomm disclosed its interest. Analysts said they don't expect the deal to meet any material regulatory obstacles. Alphawave designs semiconductor tech for data centers, networking, and storage.