The acquisition of Alphawave Semi aims to further accelerate Qualcomm's expansion in the data center sector and provide key assets for this expansion. Qualcomm's Oryon CPU and Hexagon NPU processors are well-positioned to meet the growing demand for high-performance, low-power computing, driven by the rapid increase in AI inference and the shift to custom CPUs in data centers.

Alphawave Semi is a high-speed wired computing and connectivity technology company that offers IP, custom silicon, connectivity products, and chiplets that drive faster, more reliable data transfer with increased throughput and reduced power consumption. Alphawave Semi's products form part of the core infrastructure that enables next-generation services across a wide range of high-growth applications, including data centers, AI, data networks, and data storage.

“Under Tony’s leadership, Alphawave Semi has developed leading high-speed wired connectivity and computing technologies that complement our low-power CPU and NPU cores,” said Cristiano Amon, president and CEO of Qualcomm Incorporated. “Qualcomm’s advanced custom processors are ideal for data center workloads.”.

The combined teams share the goal of creating advanced technology solutions and enabling next-generation connected computing performance across a wide range of high-growth areas, including data center infrastructure. “Qualcomm’s acquisition of Alphawave Semi represents a significant milestone for us and an opportunity for our business to join forces with a respected industry leader and drive value for our customers,” said Tony Pialis, president and CEO of Alphawave Semi.

"By combining our resources and expertise, we will be ideally positioned to expand our product offering, reach a broader customer base, and enhance our technological capabilities. Together, we will unlock new growth opportunities, drive innovation, and create a leading player in computing and connectivity solutions for AI.".

The acquisition of Alphawave Semi is expected to be completed during the first calendar quarter of 2026, subject to the fulfillment or waiver (as applicable) of certain conditions set out in the announcement published today pursuant to Rule 2.7 of the UK Acquisitions Code, including (but not limited to) certain regulatory clearances, approval of the required majority of Alphawave Semi shareholders and authorization from the UK High Court.