Qualcomm considers buying Alphawave Semi
Possible Offer for Alphawave IP Group PLC
April 1, 2025 - Qualcomm Incorporated (“Qualcomm” or the “Company”) (NASDAQ: QCOM) notes the recent share price movement of Alphawave IP Group PLC (“Alphawave”) and confirms that it is considering making an offer to acquire the entire issued, and to be issued, share capital of Alphawave. There can be no certainty that any firm offer will be made, nor as to the terms on which any firm offer might be made.
Rule 2.6(a) of the Code requires that Qualcomm, by no later than 5.00 p.m. (London time) on 29 April 2025, being 28 days after the date of this announcement, must either announce a firm intention to make an offer for Alphawave in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Alphawave, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code.
As a consequence of this announcement, an “offer period” has now commenced in respect of Alphawave in accordance with the rules of the Code and the attention of Qualcomm shareholders and Alphawave shareholders is drawn to the disclosure requirements of Rule 8 of the Code, which are summarised below. A further announcement will be made if and when appropriate.
Related Semiconductor IP
- NPU IP Core for Mobile
- NPU IP Core for Edge
- Specialized Video Processing NPU IP
- HYPERBUS™ Memory Controller
- AV1 Video Encoder IP
Related News
- Alphawave IP Response to announcement from Qualcomm
- Qualcomm Completes Acquisition of NUVIA
- Alphawave IP: Acquisition of Precise-ITC and completion of major milestones for China Product Partnership
- Rubio, Colleagues Urge CFIUS Review of Alphawave Acquisition of U.S. Semiconductor IP Company
Latest News
- Jim Keller: ‘Whatever Nvidia Does, We’ll Do The Opposite’
- FlexGen Streamlines NoC Design as AI Demands Grow
- IntoPIX Presents Its New Titanium Software Suite: Empowering AV-Over-IP Workflows With Speed, Quality & Interoperability
- Global Semiconductor Sales Increase 2.5% Month-to-Month in April
- Speedata Raises $44M to Launch First-Ever Chip Designed Specifically for Accelerating Big Data Analytics - Compute's Second Largest Workload