Qualcomm agreed to acquire British semiconductor company Alphawave IP Group on Monday. Qualcomm said the enterprise value of the transaction is approximately US$2.4 billion (approximately RMB 17.2 billion). Under the terms of the acquisition, each AlphaWave shareholder will be entitled to receive $2.48 in cash for each share of AlphaWave stock. AlphaWave said the board of directors unanimously recommended that AlphaWave shareholders vote in favor of the plan.
It is reported that after two months of negotiations, Alphawave agreed to accept Qualcomm's $2.4 billion acquisition offer. The price is equivalent to 183 pence per share (approximately RMB 16.07), a 96% premium over the company's closing price of 93.50 pence (approximately RMB 9.09) on March 31 (the day before Qualcomm announced its acquisition intention).
Alphawave focuses on developing high-speed semiconductors and connection technologies for data centers and artificial intelligence applications. Alphawave designs and licenses semiconductor technology for data centers, networks, and storage. Its "serializer/deserializer" (SerDes) technology attracted acquisition interest from Qualcomm and SoftBank's chip technology provider Arm in early April. But according to previous reports in April, Arm withdrew after preliminary discussions with Alphawave.
SerDes technology is an indispensable part of artificial intelligence applications. Chatbots like ChatGPT usually require thousands of chips to work together to ensure smooth operation. As one of Broadcom's core competitive advantages, SerDes is a key factor in winning AI customers such as Google and OpenAI.
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