Qualcomm bets big on AI infrastructure with $2.4B Alphawave semi acquisition

Qualcomm is acquiring UK-based Alphawave Semi for $2.4 billion, reinforcing its pivot toward high-performance AI and data center infrastructure. The deal brings Alphawave’s chiplet and interconnect IP into Qualcomm’s fold, complementing its Oryon CPU and Hexagon NPU strategy. As power-efficient AI and custom silicon drive next-gen data infrastructure, this move positions Qualcomm to compete more directly in the hyperscale and enterprise compute landscape.