UK takeover panel gives Qualcomm more time to make bid for Alphawave
British semiconductor company
Alphawave IP Group
on Tuesday said the
UK takeover panel
has extended the deadline for a takeover offer by US chipmaker
Qualcomm
to May 12.
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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
.
by Taboola
by Taboola
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Earlier this month, Alphawave had abstained from providing a financial forecast due to uncertainty stemming from the "rapidly developing nature" of US tariffs.
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