Qualcomm wraps up $2.4bn acquisition of Alphawave Semi

Qualcomm has concluded the acquisition of Alphawave Group, known as Alphawave Semi, for an implied enterprise value of around $2.4bn (£1.79bn). The company reported that the transaction was completed a quarter ahead of schedule. Announced in June 2025, the deal was originally expected to close in the first quarter of 2026. Tony Pialis, CEO and co-founder of Alphawave Semi, will lead Qualcomm’s data centre business. Pialis said: “Joining Qualcomm marks an exciting new chapter for Alphawave Semi. “We a ...