:max_bytes(150000):strip_icc()/GettyImages-2214108951-2668b728b78e46749fbc20a96cebf9d9.jpg?w=1920&resize=1920,1267&ssl=1 "Qualcomm Acquires Alphawave Semi in .4B Deal Amid Data Center Expansion")
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key takeaways
- Qualcomm is acquiring a British hardware manufacturer Alphevev Semi to assist in its data center push.
- The deal considers Alphevev to be $ 2.4 billion, and is expected to close in the first quarter of next year.
- Qualcomm stated that the deal aims to “provide more assets, and to provide significant assets for the expansion of Qualcomm in data centers.”
Qualcomm (QCom) on Monday announced a deal to acquire the British firm Alphevev Semi as Chipmekar wants to expand its push into the world of data centers.
Alpheve makes IP, custom silicon, connectivity products and chiplets distributed technologies “to” high-speed wired connectivity and compute technologies “according to Monday press release. The technology of the British company is used in data centers, which are being used to train artificial intelligence products.
The deal attaches alphevev to around $ 2.4 billion, and the declaration listed the alphevev shares in London, listed up to about 25% at their highest point since March 2024. The step is a smaller jump than the company returned in April, when Qualcomm was reported to be interested in achieving it and the shares increased by 46% in a day. Qualcomm’s shares were about 1% in premarket trading.
Qualcomm stated that the deal aims to “move faster, and provide important assets for the expansion of Qualcomm in data centers,” and said that it is expected to be closed in the first quarter of 2026.
In its latest quarter report on the last day of April, Qualcomm estimated the second quarter of the financial year as its chip business increased 12% year-on-year, but its revenue for the current quarter came just below the estimates’ estimates.
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