Qualcomm announced that it has reached an agreement with Alphawave IP Group regarding the terms and conditions of a recommended acquisition by Aqua Acquisition Sub, an indirect wholly-owned subsidiary of Qualcomm, for the entire issued and to be issued ordinary share capital of Alphawave Semi at an implied enterprise value of about $2.4 billion.
Deal rationale: The acquisition of Alphawave Semi aims to accelerate further and provide key assets for Qualcomm’s expansion into data centers. Qualcomm’s Oryon CPU and Hexagon NPU processors are well-positioned to meet the growing demand for high-performance, low-power computing, driven by a rapid increase in AI inferencing and the transition to custom CPUs in data centers.
What Alphawave Semi does: Alphawave Semi is a global leader in high-speed wired connectivity and compute technologies, delivering IP, custom silicon, connectivity products, and chiplets that drive faster, more reliable data transfer with higher performance and lower power consumption. Alphawave Semi’s products form a part of the core infrastructure, enabling next-generation services in a wide array of high-growth applications, including data centers, AI, data networking, and data storage.
KEY QUOTES:
“Under Tony’s leadership Alphawave Semi has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient CPU and NPU cores. Qualcomm’s advanced custom processors are a natural fit for data center workloads. The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance across a wide array of high growth areas, including data center infrastructure.”
Cristiano Amon, president and CEO of Qualcomm
“Qualcomm’s acquisition of Alphawave Semi 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.”
Tony Pialis, president and CEO of Alphawave Semi
