Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal
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US chipmaker Qualcomm on Monday agreed to acquire British semiconductor company Alphawave for about $2.4 billion as part of efforts to strengthen its artificial intelligence technology.Alphawave shareholders will receive 183 pence per share, a nearly 96% premium to the price immediately before Qualcomm disclosed its interest in the company. The shares jumped 22% in early London trade to just below the offer price.US-based firms have been snapping up British assets, taking advantage of a market that is plagued by comparatively weaker valuations and stunted growth.Alphawave, which designs and licenses semiconductor technology for data centers, networking and storage, had garnered takeover interest from Qualcomm and SoftBank-owned chip tech provider Arm in early April for its 'serdes' technology.The technology underpins the speed at which data is processed by chips - crucial for AI development - and serves as the foundation for Broadcom's and Marvell Technology's multibillion-dollar bespoke chip businesses.Arm walked away after initial discussions with Alphawave, Reuters exclusively reported in April citing sources.Qualcomm also tabled two alternative all-share offers to Alphawave's shareholders, after receiving multiple extensions from the UK's takeover panel to table a firm offer.The British company said it considers the terms of the cash offer to be fair and reasonable and intends to unanimously recommend it to its shareholders.Alphawave also completed the disposal of its stake in WiseWave, its joint venture with Chinese investment firm Wise Road Capital, to existing state shareholders on Monday.
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Time of India
21 minutes ago
- Time of India
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Early trading saw the Dow Jones Industrial Average fall by 185 points, or about 0.5%, marking a cautious start to the week. The S&P 500 dipped 0.1%, while the Nasdaq Composite edged up slightly by 0.1% around 9:35 a.m. Eastern are closely watching the developments in London, where senior officials from both countries are meeting to ease long-standing trade tensions. The discussions aim to address a range of economic disputes and possibly roll back mutual tariffs that have been weighing on global supply chains for week's US-China trade talks are seen as pivotal for the global economy. Tariffs imposed in past years have disrupted everything from electronics to heavy equipment. Though those tariffs are currently paused, no permanent deal has been believe that progress in these talks could help avoid a potential economic slowdown or even a recession, especially if they result in the reduction or removal of tariffs on both sides. A positive outcome could also reignite investor confidence and fuel another leg up in the US stock market modest moves reflect investor hesitancy. Market players are clearly waiting for concrete news before making big decisions. The S&P 500 remains just 2.5% below its all-time high, buoyed by hopes that the US may reach trade agreements that roll back tariffs major factor behind the stock market's strong recovery has been the belief that President Donald Trump will reduce trade barriers as part of broader global deals. After plunging by nearly 20% from its peak two months ago, the S&P 500 has made a swift optimism is largely driven by expectations that smoother trade relations — particularly with major economies like China — will relieve pressure on multinational companies and bring stability back to supply both the US and China have put a pause on new tariffs, but existing ones remain. 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India.com
30 minutes ago
- India.com
China, Pakistan shaking with fear as India plans to prepare THIS missile under DRDO's secret 'Project Vishnu', not Brahmos or Agni but...
Representative image- Missile After India conducted Operation Sindoor, the missiles of India including the BrahMos missile created havoc in Pakistan, destroying the Chinese supplied air defence systems. Reports also say that India is also preparing the BrahMos missile in collaboration with Russia. However, media reports are now claiming that India is preparing to test a hypersonic cruise missile under Defence Research and Development Organisation DRDO's secret Project Vishnu. Here are all the details you need to know about the End to End Test of Long Duration Hypersonic Cruise Missile. As per a report by the Navbharat Times, DRDO is preparing missile which can prove to be a strategic game changer. With a range of over 1,500 km, 1,000–2,000 kg, the missile has a reported speed of Mach 8. It can carry nuclear or conventional warheads, significantly enhancing India's defense capabilities. The new hypersonic cruise missile is being prepared under DRDO's secret Project Vishnu, as part of Project ET-LDHCM (End to End Test of Long Duration Hypersonic Cruise Missile). DRDO successfully conducts scramjet engine ground test In a significant development from few months back, DRDO successfully tested a cutting-edge Active Cooled Scramjet Combustor (engine) ground test for 120 seconds for the first time in India. An official said that it marks a crucial milestone in developing next-generation hypersonic missiles. Hypersonic missiles are a class of advanced weaponry that travel at speeds greater than Mach 5 which is five times the speed of sound or more than 5,400 km/hr. These advanced weapons have the potential to bypass existing Air Defence Systems and deliver rapid and high-impact strikes. Supersonic Combustion Ramjet Defence Research and Development Laboratory (DRDL), a Hyderabad-based laboratory has taken the initiative to develop a long-duration Supersonic Combustion Ramjet or Scramjet-powered Hypersonic technology. DRDL recently developed these technologies. The ground test of the scramjet combustor showcased several notable achievements, demonstrating its potential for operational use in Hypersonic vehicles, like successful ignition and stable combustion. Ignition in a scramjet engine is like 'keeping a candle lit in a hurricane'. (With inputs from agencies)
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First Post
31 minutes ago
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Russia eyes reboot of RIC trilateral diplomacy as India-China tensions ease
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