Qualcomm confirms buyout offer for Brit chip firm Alphawave
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Qualcomm confirms buyout offer for Brit chip firm Alphawave
""Alphawave Semi has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient CPU and NPU cores," Qualcomm chief Cristiano Amon said in a statement."
"This time around, the US chipmaker believes its Oryon CPU and Hexagon NPU cores are poised to tap into growing demand for high-performance, low-power compute."
Qualcomm plans to acquire Alphawave Semi for $2.4 billion, marking another instance of a British tech company being bought by a foreign owner. Alphawave's technology focuses on high-speed connectivity, beneficial for datacenter applications. Qualcomm aims to bolster its datacenter silicon strategy with this acquisition after exiting the market in 2018. The deal is seen as a strategic move to leverage Alphawave's innovations in the context of increasing demands driven by AI and custom CPUs from large cloud service providers.
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