Qualcomm has acquired U.K.-based Alphawave Semi for approximately $2.4 billion, focusing on enhancing its data center capabilities. CEO Cristiano Amon stated that this acquisition aligns with Qualcomm's objective to develop advanced technology solutions for connected computing performance. This move comes as Qualcomm faces challenges in its smartphone market revenue, prompting a strategic diversification through acquisitions like Alphawave and previous purchases of AI and IoT companies. The acquisition is projected to conclude in the first calendar quarter of 2026, marking a significant step in Qualcomm's expansion plans.
Qualcomm's acquisition of Alphawave Semi aims to enhance its data center business, providing advanced connectivity solutions crucial for growth in high-demand areas.
This strategic purchase highlights Qualcomm's efforts to diversify beyond smartphone processors, which currently comprise a significant part of its revenue, amid an evolving market.
Amon emphasized the importance of collaboration, stating, 'The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance.'
Qualcomm's recent acquisitions demonstrate its commitment to innovation and the need to adapt in a challenging market environment, including tariff uncertainties.
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