Qualcomm has bought Alphawave for $2.4 billion in cash. The price is nearly double Alphawave’s market cap before Qualcomm was known to be interested in buying the company.
Softbank and Arm also showed interest in buying Alphawave.
Alphawave’s attraction is its Serdes technology.
Qualcomm had previously made two all-share offers for Alphawave.
Alphawave CEO Tony Pialis, said move allows Alphawave to “expand our product offerings, reach a broader customer base, and enhance our technological capabilities”.
Qualcomm CEO Cristiano Amon said Alphawave had developed “leading high-speed wired connectivity and compute technologies” which complemented Qualcomm’s CPU and NPU cores.
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