Qualcomm to acquire Alphawave IP Group for $2.4bn.

Qualcomm, an American semiconductor company, agreed to acquire Alphawave IP Group, a semiconductor IP company, for $2.4bn. "Qualcomm's acquisition of Alphawave represents a significant milestone for us and an opportunity for our business to join forces with a respected industry leader and drive value to our customers. By combining our resources and expertise, we will be well-positioned to expand our product offerings, reach a broader customer base, and enhance our technological capabilities. Together, we will unlock new opportunities for growth, drive innovation, and create a leading player in AI compute and connectivity solutions. For our shareholders, the Alphawave Board is pleased that Qualcomm's offer provides an opportunity to realise compelling value for their shares," Tony Pialis, Alphawave President and CEO.