Tech entrepreneur set for $237 million windfall from semiconductor takeover

Business Insider

8 hours ago

Weili Dai is in line for a $237 million windfall from Alphawave's sale to Qualcomm.
Dai is Alphawave's interim executive director and holds a big stake in the London-listed company.
Bloomberg estimated the deal would boost her net worth to about $3.3 billion.
Dai is the second-largest shareholder of Alphawave IP Group with a stake of about 96 million shares, Bloomberg reported. Earlier this month Qualcomm agreed to buy the company for almost $2.4 billion in a deal due to close next year.
Bloomberg estimated Dai's net worth will be about $3.3 billion following the Qualcomm takeover. The Nasdaq-listed company is worth $166 billion.
Forbes estimated Dai's wealth at about $1 billion in 2019.
Dai and Alphawave did not respond to requests for comment.
Shares in Alphawave have risen 18% in the past month and 89% since the start of the year, valuing it at about $1.8 billion. The Toronto-headquartered company had been worth considerably more following its London IPO in 2021.
Dai's late husband, Sehat Sutardja, was executive director of Alphawave until his death in September last year. She had been an alternate director for Sutardja and became interim executive director following his death, as well as inheriting his stake.
Dai and Sutardja were cofounders of Marvell Technology in 1995, and she was president and director of the semiconductor company until 2016. In 2018, Dai cofounded MeetKai, an AI-enabled personalized conversational search company, and remains its executive chair. She also holds board roles at Lark Health and Astrana Health.