Qualcomm splashes $2.4 billion to acquire Alphawave Semi

Qualcomm is acquiring Alphawave Semi for $2.4 billion. The deal accelerates, and provides key assets for Qualcomm’s expansion into data centres.

Alphawave Semi is a global leader in high-speed wired connectivity and compute technologies delivering IP, custom silicon, connectivity products and chiplets that drive faster, more reliable data transfer with higher performance and lower power consumption. Its products form a part of the core infrastructure enabling next generation services in a wide array of high growth applications, including data centres, AI, data networking and data storage.

The company recently announced the successful tape-out of one of the industry’s first UCIe IP subsystem on TSMC’s N2 process, supporting 36G die-to-die data rates.

Its UltraAthenaCORE Extended Long-Reach (XLR) Multi Standard SerDes (MSS) IP is a high-performance, area and latency optimized, DSP-based PHY. It is a highly configurable IP that supports all leading edge NRZ and PAM data centre standards from 10 Gbps to 224 Gbps, supporting diverse protocols such as 10/25/50/100/200 Gbps Ethernet and UALink.

“Under Tony’s leadership Alphawave Semi has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient CPU and NPU cores,” said Cristiano Amon (pictured), president and CEO of Qualcomm. “Qualcomm’s advanced custom processors are a natural fit for data centre workloads. The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance across a wide array of high growth areas, including data centre infrastructure.”

“Qualcomm’s acquisition of Alphawave Semi represents a significant milestone for us and an opportunity for our business to join forces with a respected industry leader and drive value to our customers,” said Tony Pialis, president and CEO of Alphawave Semi. “By combining our resources and expertise, we will be well-positioned to expand our product offerings, reach a broader customer base, and enhance our technological capabilities. Together, we will unlock new opportunities for growth, drive innovation, and create a leading player in AI compute and connectivity solutions.”

This acquisition of Alphawave Semi is expected to complete during the first calendar quarter of 2026 subject to regulatory approvals, the approval from the requisite majority of Alphawave Semi’s shareholders, and sanction by the High Court in the UK

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