Qualcomm to Acquire Alphawave Semi in ~$2.4 Billion Deal

June 9, 2025

Qualcomm announced it has reached an agreement to acquire Alphawave Semi, paying an implied enterprise value of approximately US$2.4 billion. The deal will be implemented through Aqua Acquisition Sub LLC, a wholly-owned subsidiary of Qualcomm, and is expected to complete in the first calendar quarter of 2026 subject to regulatory and shareholder approvals.

Buyers
Qualcomm Incorporated, Aqua Acquisition Sub LLC
Targets
Alphawave IP Group plc (Alphawave Semi), Alphawave Semi
Industry
IT Services
Location
Canada
Transaction Type
Buyout

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