Qualcomm to acquire chip designer Alphawave Semi for $2.4B

Qualcomm announced it has reached an agreement to acquire British chip design firm Alphawave Semi in a deal that’s reportedly valued at $2.4 billion. The deal will play a key role in Qualcomm’s growth across the data center market while complementing its Oryon mobile CPU and Hexagon NPU development.

Qualcomm to acquire chip designer Alphawave Semi for $2.4B

Alphawave also holds key IP across custom silicon chips, AI and connectivity products. It also has “industry-leading high-speed connectivity solutions” for autonomous vehicles and solid-state storage.

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 to our customers.


By combining our resources and expertise, we will be well-positioned to expand our product offerings, reach a broader customer base, and enhance our technological capabilities.


Together, we will unlock new opportunities for growth, drive innovation, and create a leading player in AI compute and connectivity solutions. – Tony Pialis, president and CEO of Alphawave Semi

Alphawave was founded in 2017. As of 2023, it had over 829 employees and is forecast to reach an addressable market of $39 billion by 2027. The Qualcomm acquisition deal will now have to pass UK regulator approval and if all goes well, it should be completed in Q1, 2026.

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