UK takeover panel gives Qualcomm more time to make bid for Alphawave
(Reuters) -British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 12.
Alphawave said it is in discussions with Qualcomm and, accordingly, agreed to extend the previous deadline of April 29 for the U.S. chipmaker to make a formal bid, as required by UK regulations.
The British company has been garnering takeover interest from the likes of Qualcomm and Arm for a crucial technology, known as "serdes", used for building AI processors.
Earlier this month, Alphawave had abstained from providing a financial forecast due to uncertainty stemming from the "rapidly developing nature" of U.S. tariffs.
(Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Exclusive-Brazil lawmaker Eduardo Bolsonaro warns of more US sanctions, maybe tariffs
FILE PHOTO: Brazilian lawmaker Eduardo Bolsonaro sits down with Reuters to discuss his efforts to put U.S. pressure on Brazil to halt the trial of his father, right-wing former Brazilian President Jair Bolsonaro, in Washington, D.C., U.S., August 14, 2025. REUTERS/Jessica Koscielniak/File photo WASHINGTON (Reuters) -Brazilian Congressman Eduardo Bolsonaro, the son of former President Jair Bolsonaro, told Reuters on Thursday that he expects additional U.S. sanctions against Brazilian officials and possibly more tariffs due to a legal crackdown on his father. In an interview at the Reuters bureau in Washington after meetings with senior U.S. officials, the lawmaker said he saw no way for Brazil to negotiate a lower U.S. tariff on its exports without concessions from the Brazilian Supreme Court. "The Supreme Court justices have to understand they've lost power," he said. "There is no scenario where the Supreme Court emerges victorious from this whole imbroglio. They're in conflict with the greatest economic power in the world." The younger Bolsonaro's advocacy in Washington has put him at the center of bilateral tensions after U.S. President Donald Trump slapped a 50% tariff on Brazilian goods and financial sanctions on the Brazilian judge overseeing prosecution of the elder Bolsonaro, demanding an end to a "witch hunt" against the former president. "I think he's an honest man... This is really a political execution that they're trying to do with Bolsonaro," Trump told reporters on Thursday. Jair Bolsonaro is currently on trial before Brazil's top court over an alleged plot to overturn the 2022 election that he lost. He denies any wrongdoing. Eduardo Bolsonaro described the U.S. tariffs on Brazilian beef, coffee, fish, footwear and other goods as "bitter medicine" aimed at curbing what he called an out-of-check legal offensive against his father. "I've told everyone trying to approach this only through the lens of trade: it won't work. There needs to be a signal first to the U.S. that we're resolving our institutional crisis," he said. The U.S. State Department ratcheted up pressure on Wednesday, movingto revoke and restrict visas on government officials and their family members from countries including Brazil due to their ties with an exchange program involving Cuban doctors. Eduardo Bolsonaro said he expects those restrictions will soon hit Health Minister Alexandre Padilha and probably leftist ex-President Dilma Rousseff for their roles in the program. Rousseff was the chief of staff and successor to current President Luiz Inacio Lula da Silva when his second term ended in 2010. Representatives for Padilha and Rousseff did not immediately respond to requests for comment. Lula has dismissed Trump's demands as an affront to national sovereignty and said he has refused to "humiliate" himself with a call to the White House. In a Reuters interview last week, he called Eduardo Bolsonaro and his father "traitors" for courting Trump's intervention. Brazil's top court is investigating both Bolsonaros over their appeals to Trump. Supreme Court Justice Alexandre de Moraes has increased pressure on the former president, putting him under house arrest and forbidding contact with his son in the U.S. or foreign officials. In Thursday's interview in Washington, Eduardo Bolsonaro said he expected a U.S. response to that crackdown, including sanctions against Viviane Barci de Moraes, a high-powered Brazilian attorney married to Justice Moraes. Bolsonaro also said he could see more tariffs on Brazilian goods on the way. "I could expect more tariffs, because Brazilian authorities have not changed their behaviors," he said. The Brazilian lawmaker, who moved in March to the United States in an effort to garner Trump's support for his father, said he had been advocating for sanctions targeting Moraes and his family, with tariffs as a "last resort." He said immediate U.S. sanctions against other Supreme Court justices seemed unlikely, given the focus on isolating Moraes, whom he called a "gangster," a "psychopath" and a "mafioso." The Supreme Court did not immediately respond to a request for comment. Moraes has described his rulings, which have been upheld by the wider court, as a defense of Brazilian democracy under constitutional law. In an interview with Reuters last month, Jair Bolsonaro said he expected his son to seek U.S. citizenship to avoid returning to Brazil. The younger Bolsonaro declined to comment on the details of his immigration status, but said he and his family had permission to stay in the United States "for a good while," and left the door open to seeking asylum and eventually citizenship. (Reporting by Marcelo Teixeira in Washington and Luciana Magalhaes in Sao Paulo; Writing by Brad Haynes; Editing by Rosalba O'Brien)
The Star
2 hours ago
- The Star
Britain's GDP growth slows to 0.3 pct in Q2: ONS
LONDON, Aug. 14 (Xinhua) -- Britain's gross domestic product (GDP) grew by 0.3 percent in the second quarter of 2025, slowing from the 0.7 percent increase recorded in the first quarter, according to data released by the Office for National Statistics (ONS) Thursday. Of the three main sectors of the economy, construction output expanded by 1.2 percent, making it the main contributor to economic growth during the period. Within the construction industry, infrastructure new work and private housing repair and maintenance posted robust gains, according to the office. Services output rose 0.4 percent, with computer programming and health services among the main drivers of growth. In contrast, wholesale and retail trade suffered a sharp decline. Production output contracted by 0.3 percent over the April-June period. Stuart Morrison, research manager at the British Chambers of Commerce, said, "We saw better than expected growth at the start of the year, largely because of stockpiling ahead of U.S. tariffs. However, tax burdens at home, alongside uncertain global trading conditions, created a very challenging environment for the UK's small and medium-sized enterprises in Q2." In a recent report, EY ITEM Club predicted that persistent uncertainty in the global economy, alongside tightening fiscal policy and a weakening labor market, will continue to weigh on British economic momentum. It forecast that the country's GDP growth will remain subdued until 2027.
Malaysian Reserve
5 hours ago
- Malaysian Reserve
Freckie Capital Unveils NAT Intelligent Strategy System, Redefining the Future of Wealth Management
DENVER, Aug. 14, 2025 /PRNewswire/ — British fintech innovator Freckie Capital today announced the official launch of its flagship platform, the NAT Intelligent Strategy System, alongside an ambitious global expansion initiative. Designed to democratize access to professional-grade investing, the NAT system represents a fundamental shift away from traditional, advisor-driven finance toward a transparent, logic-based, and user-controlled model. 'We chose this challenging path because we believe that only those who are bold enough to think they can change the world are the ones who actually do,' said Andrew Seymour Adil, Founder and CEO of Freckie Capital, echoing the spirit of Apple's iconic 'Think Different' campaign. Breaking the Barriers of Traditional Finance For decades, wealth management has been portrayed as a service for the privileged few. The reality, according to Adil, is that the traditional model is riddled with barriers: Limited access – Investors often wait days to meet with advisors, while markets move by the second. Subjective advice – Recommendations are frequently influenced by market sentiment or personal bias, without clear accountability. High costs – Consulting fees are charged regardless of whether the advice delivers real returns. 'When you ask why a decision was made, the answer is often 'because of our experience.' But as Charlie Munger once said, if you can't explain your decision with a model, you probably don't know what you're doing,' noted Adil. A Founder's Journey from Wall Street to Fintech Innovation Freckie Capital's origin dates back nearly 30 years of financial practice and reflection. Adil, who earned a Master's degree in Applied Finance from Macquarie University in 1993, spent 15 years on Wall Street as a trader, asset allocation advisor, and hedge fund analyst. By the mid-2000s, he was a top-earning professional—until the 2008 financial crisis shattered his trust in the industry. Witnessing the collapse of Lehman Brothers, Adil began questioning who truly benefits from financial advice: the client or the institutions? In 2009, Adil left the traditional system, sharing market insights directly with the public online. His participation in the Occupy Wall Street movement in 2011 deepened his commitment to financial transparency and sparked his exploration of quantitative investment systems. 'No matter how skilled an advisor is, they cannot operate 24/7 without emotion. An algorithm, however, can act with precision at all times,' said Adil. By 2015, he had assembled a small team of online financial experts, laying the groundwork for what would become Freckie Capital. In 2019, the company was officially founded, attracting talent from major financial and technology institutions. Building the NAT Intelligent Strategy System The NAT Intelligent Strategy System is built on three core pillars: Automation – Executes strategies 24/7 without human delay. Logic – Every recommendation is backed by data, models, and transparent reasoning. Personalization – Adapts to each user's risk profile and financial goals. Unlike traditional advisory services, NAT empowers users to control execution, review transparent strategy logic, and make adjustments in real-time—without relying on an advisor's interpretation or availability. A Team United by Vision Freckie Capital's mission has attracted a global team of like-minded innovators, including: Matthew Craig West – Former JPMorgan analyst who joined NAT's development team in 2020. Amelia Clarke – Advocate for financial inclusion, now serving as Global Head of Network Financial Services. Ryan Carter – Former IBM digital asset strategist who left corporate life to advance Freckie's mission. Redefining Trust in the Age of Algorithms Freckie Capital believes that the future of investing lies in systems, not individuals. As historian Yuval Noah Harari observed, 'Algorithms will redefine trust.' 'We are not here to make advisors more efficient,' said Adil. 'We are here to replace them entirely with verifiable, data-driven systems.' By removing subjective decision-making and replacing it with transparent algorithms, NAT offers a trust model based on rules, not personalities. Vision: Investing as a Right, Not a Privilege Freckie Capital's long-term goal is to make rational, transparent investing accessible to everyone—regardless of background, location, or financial starting point. Key benefits to users include: A system that never sleeps – Executes strategies continuously without downtime. Clear, explainable logic – Every decision is backed by data, not guesswork. Trust in rules, not individuals – Users rely on the system's logic rather than personal bias. A strategy at the traders' rhythm – Market volatility no longer dictates decision-making. Looking Ahead Freckie Capital plans to expand its product features, enhance data capabilities, and establish a stronger global footprint. The company aims to become the most trusted intelligent investment infrastructure worldwide, enabling individuals to achieve investment independence through technology. 'True investment freedom begins when systems are more transparent than people, and decisions are more reliable than emotions,' concluded Adil. About Freckie Capital Founded in 2019, Freckie Capital is a British fintech company dedicated to transforming wealth management through transparent, intelligent, and user-controlled investment systems. Its flagship platform, the NAT Intelligent Strategy System, enables investors to create personalized, data-driven strategies without reliance on traditional advisors. Contact:Freckie Capitalcontact@ Logo –
