Qualcomm to acquire semiconductor firm Alphawave Semi for $2.4B

Qualcomm has announced its agreement to acquire Alphawave Semi, a U.K.-based semiconductor firm specializing in high-speed data center connectivity, for approximately $2.4 billion. Qualcomm CEO Cristiano Amon highlighted that this acquisition aims to expand Qualcomm’s presence in the data center market by combining advanced technology solutions to enhance connected computing performance across various high-growth sectors, particularly data center infrastructure. Alphawave Semi develops a range of wired connectivity and compute technologies, complementing Qualcomm’s existing portfolio. This acquisition follows a recent larger deal by Qualcomm in the semiconductor space, signaling the company’s strategic focus on strengthening its data center capabilities. The transaction is anticipated to be completed in the first quarter of 2026.