Qualcomm to Acquire Alphawave in £1.8bn Mega Deal
Deal News | Jun 09, 2025 | Business Cloud
Qualcomm Incorporated, a significant player on the NASDAQ, has signed an agreement to purchase Alphawave IP Group plc for approximately £1.8 billion. This acquisition aims to boost Qualcomm's presence in the data centre sector significantly. Alphawave, renowned for its high-speed wired connectivity and compute technologies, operates from London and Toronto. Its pioneering products are essential in driving the infrastructure that supports rapidly growing applications such as AI, data networking, and data storage. Despite Alphawave's listing on the London Stock Exchange in 2021, this deal will see its departure, posing another challenge to the exchange. Under Tony Pialis' leadership, Alphawave's technology complements Qualcomm's processing capabilities, and the merger is set to fuel advanced technological solutions in data center infrastructure. The acquisition is anticipated to conclude by the first quarter of 2026, with Alphawave's market cap standing at £1.41 billion currently. The company's shares have seen a rise in response to the announcement.
Sectors
- Technology
- Semiconductors
- Data Centers
- Financial Markets
Geography
- United Kingdom – Alphawave is headquartered in London and was listed on the London Stock Exchange.
- United States – Qualcomm is based in the United States and is listed on NASDAQ.
- Canada – Alphawave also has headquarters in Toronto, Canada.
Industry
- Technology – The article discusses Qualcomm's acquisition of Alphawave, companies involved in high-speed connectivity and computing technology.
- Semiconductors – Alphawave’s expertise in high-speed wired connectivity and compute technologies is closely tied to the semiconductor industry.
- Data Centers – Qualcomm's strategic intent to expand into data centers is a central theme in the article.
- Financial Markets – Alphawave's exit from the London Stock Exchange impacts the financial markets sector.
Financials
- £1.8bn – The acquisition price for Alphawave IP Group by Qualcomm.
- £1.41bn – Current market cap of Alphawave IP Group.
- 148.7p to 185.1p – Rise in Alphawave's share price following the acquisition news.
- 187.9p – Alphawave's 12-month high for its share price.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qualcomm Incorporated | Acquirer | Company | A NASDAQ-listed company known for innovative digital communication solutions. |
| Alphawave IP Group plc | Target Company | Company | A leader in high-speed wired connectivity and compute technologies. |
| London Stock Exchange | Stock Exchange | Organization | The exchange where Alphawave was listed before the acquisition announcement. |
| Cristiano Amon | CEO of Qualcomm | Person | Leader of Qualcomm Incorporated, driving its expansion strategies. |
| Tony Pialis | CEO of Alphawave | Person | Led Alphawave to become a leader in its industry. |