Alphawave reaches deal on Qualcomm takeover Tech Alphawave is poised to become the latest tech firm to quit the London Stock Exchange after reaching a $2.4bn (£2.8bn) deal to be acquired by Qualcomm. The British semiconductor business said its board would now recommend to shareholders the terms of the acquisition after weeks of talks, which began in April. The cash offer of [...]
Chip maker Alphawave’s profit slumps as spending surges Tech Shares in Alphawave Semi nosedived 37 per cent after the semiconductor company reported a drop in revenue and profit for the six months to 30 June amid higher spending. The London-listed company said revenue plunged 51 per cent to $91m (£68.3m) in the first half of the year, which it blamed on a change in [...]
Silicon maker Alphawave Semi reports lower royalty revenues on ‘accelerated transition away from China’ Tech In the first quarter of 2024, Alphawave said royalties dropped 75 per cent year on year to $9m, reflecting its transition away from China.