QUALCOMM (QCOM) to Acquire Alphawave for $2.4 Billion in Data Center Expansion Push

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 AI Stocks on Wall Street’s Radar. On June 9, the company reported that it has agreed to buy semiconductor company Alphawave IP Group Plc for an estimated $2.4 billion in cash, aiming to expand its technology and key assets for expanding into data centers.

The companies revealed in a Monday statement that the offer is equivalent to about 183 pence per share for Alphawave, a 96% premium to the company’s share price on March 31. This was the last trading day prior to the companies disclosing the deal discussion. While the deal is subject to regulatory and shareholder approval, it is anticipated to close in the first quarter of 2026.

QUALCOMM (QCOM) to Acquire Alphawave for $2.4 Billion in Data Center Expansion Push

A medical staff analyzing data in an occupational health center.

“The acquisition of Alphawave Semi aims to further accelerate and provide key assets for Qualcomm’s expansion into data centers,” the company said.

While Qualcomm has made two alternative all-share offers for Alphawave following multiple deadline extensions from the UK takeover panel, Alphawave plans to unanimously recommend the cash offer to its shareholders. They deem it to be fair and reasonable.

“Under Tony’s leadership Alphawave Semi has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient CPU and NPU cores. Qualcomm’s advanced custom processors are a natural fit for data center workloads. The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance across a wide array of high growth areas, including data center infrastructure.”

– Cristiano Amon, president and CEO of Qualcomm Incorporated.

QUALCOMM Incorporated (NASDAQ:QCOM) develops wireless technologies, supplies chips for mobile, automotive, and IoT devices, licenses patents, and invests in emerging industries worldwide.

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