Qualcomm Expands into AI Data Centers with Alphawave IP Acquisition
Qualcomm Incorporated (NASDAQ:QCOM) is one of the 8 Best Inexpensive Stocks to Buy Right Now. On June 9, Qualcomm announced its agreement to acquire Alphawave IP Group for an implied enterprise value of ~$2.4 billion. The acquisition will be carried out through Qualcomm's indirect wholly-owned subsidiary, called Aqua Acquisition Sub LLC. This move aims to expand Qualcomm's presence in the booming AI data center market and reduce its reliance on smartphone chips.
Cristiano Amon, President and CEO of Qualcomm, stated that Alphawave's high-speed wired connectivity and compute technologies are complementary to Qualcomm's power-efficient CPU and NPU cores, which include their next-gen custom Qualcomm Oryon CPU and Qualcomm Hexagon NPU processors. This acquisition is expected to provide key assets for Qualcomm's expansion into data centers, where growth in AI inferencing is driving demand for high-performance, low-power computing.
An aerial view of a bustling semiconductor production zone showcasing the company's integrated circuits.
Alphawave shareholders will be offered 183 pence per share in cash. This represents a premium of ~96% to Alphawave's closing price on March 31, which was the day immediately preceding Qualcomm's disclosure of its interest. The deal is not anticipated to face material regulatory obstacles, especially after Alphawave exited its Chinese joint venture, WiseWave, on June 9. The acquisition is expected to be completed during Q1 2026, pending certain conditions.
Qualcomm Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry worldwide. It operates through 3 segments: Qualcomm CDMA Technologies/QCT, Qualcomm Technology Licensing/QTL, and Qualcomm Strategic Initiatives/QSI. Alphawave IP Group is a Canadian-founded semiconductor company domiciled in the UK. The company's expertise includes 'serdes' technology, which enhances chip data-processing speeds for AI development.
While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
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Disclosure: None. This article is originally published at Insider Monkey.
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