Qualcomm Incorporated (QCOM) has acquired U.K.-based chip firm Alphawave Semi for approximately **$2.4 billion**. This acquisition is aimed at enhancing Qualcomm’s capabilities in high-growth sectors such as data centers, artificial intelligence (AI), and data networking.
Alphawave Semi specializes in advanced technology solutions that enable efficient data transfer, benefiting applications in 5G wireless and AI. This strategic move follows Qualcomm’s earlier acquisition of MovianAI in April, which bolstered its AI research initiatives.
In related news, Advanced Micro Devices, Inc. (AMD) has launched its MI300 series accelerators, supporting generative AI workloads, while Intel Corporation (INTC) has introduced the Intel Core Ultra processors, enhancing AI capabilities for mobile and edge computing.
