England High Court Sanctions QUALCOMM Incorporated (QCOM)’s Alphawave IP Group Acquisition

Group 1 - Qualcomm Incorporated (NASDAQ:QCOM) has received approval from the High Court of Justice in England for its acquisition of Alphawave IP Group plc, valued at $2.4 billion, which is expected to enhance Qualcomm's capabilities in data centers [2][5] - The acquisition will be executed through Qualcomm's subsidiary, Aqua Acquisition Sub LLC, and follows the approval from Alphawave's shareholders [2] - Alphawave Semi is recognized for its leadership in high-speed wired connectivity and compute technologies, providing essential products for faster and more reliable data transfer [3] Group 2 - The CEO of Alphawave Semi, Tony Pialis, emphasized that the merger will allow both companies to expand their product offerings, reach a wider customer base, and enhance technological capabilities, particularly in AI compute and connectivity solutions [4] - Cantor Fitzgerald has raised Qualcomm's price target from $170 to $185, reflecting expectations that the company will benefit from AI-driven demand across various sectors [5] - Qualcomm is a leading innovator in wireless technology, supplying chips, software, and platforms for mobile devices, cars, and IoT, significantly contributing to the advancement of 5G, Wi-Fi, and AI technologies [6]