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Key Takeaways
- Qualcomm is reportedly mulling over an offer to acquire U.K. Semiconductor firm Alphawave. This news sent the shares of Qualcomm higher in London.
- The report stated that the company has until April 29, 2019 to decide if it will make an offer to comply with U.K. regulation.
- Qualcomm announced that it had acquired VinAI’s generative artificial intelligence division.
Shares of U.K. based semiconductor company Alphawave surged in London after reports Qualcomm (QCOM), is considering an offer to purchase the company.
Alphawave's stock closed nearly 47% higher Tuesday in London. Bloomberg reported that Qualcomm has said an offer wasn’t certain. The company still has until the 29th of April to make a decision.
Alphawave designs high speed connectivity solutions which are used in data centres to train and run artificial intelligent technology. Reuters reported that Arm Holdings had also recently considered a buyout of the company before deciding against it.
Alphawave or Qualcomm did not respond immediately to a request for a comment.
The report was released the same day Qualcomm acquired VinAI’s generative AI unit, which, according to the chipmaker, will “accelerate the creation” of advanced AI solutions for smartphones, PCs and vehicles. VinAI’s CEO Hung Bui has joined Qualcomm.
Qualcomm shares fell less than 1% during recent trading on Tuesday.
