Qualcomm Acquires Alphawave Semi in $2.4B Deal Amid Data Center Expansion
1. Qualcomm is acquiring Alphawave Semi for $2.4 billion. 2. The acquisition aims to boost Qualcomm's data center capabilities. 3. Alphawave's technology focuses on high-speed connectivity for data centers. 4. Qualcomm shares are down 3% year-to-date, despite acquisition news. 5. The deal is expected to close in early 2026.