Qualcomm has agreed to purchase London-based semiconductor company Alphawave IP Group Plc for approximately $2.4 billion, primarily to enhance its artificial intelligence technology capabilities. The acquisition price represents a 96% premium over the company’s share price on March 31, before the announcement of the talks. Assuming regulatory and shareholder approvals are obtained, the deal is expected to be completed by mid-2026.
Source: https://www.bloomberg.com/news/articles/2025-06-09/qualcomm-agrees-to-buy-uk-listed-alphawave-for-2-4-billion