Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has completed its acquisition of Alphawave IP Group plc (AWE.L) (“Alphawave Semi”), approximately one quarter ahead of schedule. The acquisition of Alphawave Semi aims to further accelerate and provide key assets for Qualcomm’s expansion into the data center. Tony Pialis, CEO and co-founder of Alphawave Semi, will lead the Qualcomm data center business.
“Alphawave Semi’s expertise in high-speed connectivity technologies complements our Qualcomm Oryon CPU and Hexagon NPU processors,” said Cristiano Amon, President and CEO of Qualcomm Incorporated. “Qualcomm delivers high-performance, energy-efficient compute and AI solutions, and the addition of Alphawave’s technologies will strengthen our platforms and optimize performance for next-generation AI data centers.”
“Joining Qualcomm marks an exciting new chapter for Alphawave Semi,” Pialis said. “We’re ready to bring our leadership in high-speed connectivity and custom silicon to help shape the future of data center innovation.”
Alphawave Semi is a global leader in high-speed wired connectivity delivering 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 areas, including data centers, AI, data networking and data storage.
The full announcement can be found on our website at: https://investor.qualcomm.com/update-details/update-details-offer.
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