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Qualcomm to Acquire UK's Alphawave Semi in $2.4B Deal to Boost Chip Capabilities

QUALCOMM Incorporated -3.93% Pre

QUALCOMM Incorporated

QCOM

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Qualcomm Incorporated (NASDAQ:QCOM) today announced that it has reached an agreement with Alphawave IP Group plc (AWE.L) ("Alphawave Semi") regarding the terms and conditions of a recommended acquisition by Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm Incorporated, for the entire issued and to be issued ordinary share capital of Alphawave Semi at an implied enterprise value of approximately US$2.4 billion.

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