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3w ago

Qualcomm Considers Alphawave Acquisition Amid Potential Bidding War with Arm

The London-based chip designer's stock surged 44% as Qualcomm confirmed interest and Arm reportedly weighs its own bid.

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San Diego-based Qualcomm provides intellectual property for semiconductors, deriving most of its revenue from licensing fees for the use of its chip designs
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Overview

  • Qualcomm has announced it is considering a bid for Alphawave, setting an April 29 deadline to formalize the offer or withdraw.
  • Reports indicate that Arm Holdings, backed by SoftBank, is also exploring an acquisition of Alphawave, increasing the likelihood of a bidding war.
  • Alphawave's stock price jumped nearly 44%, pushing its market valuation above £1 billion following news of Qualcomm's interest.
  • The company’s advanced chip communication technology, critical for AI systems and data centers, has attracted significant attention despite its financial struggles.
  • Alphawave has faced scrutiny over financial disclosures, significant losses, and a stock value decline of over two-thirds since its 2021 IPO.