Qualcomm Soars 4.99% on Potential Alphawave Acquisition

Mover TrackerMonday, May 12, 2025 5:08 am ET

1min read

On May 12, 2025, Qualcomm's stock surged by 4.99% in pre-market trading, reflecting a significant bullish sentiment among investors.

Qualcomm's potential acquisition of Alphawave, a UK-based semiconductor IP company, has been a focal point for investors. The UK's Competition and Markets Authority has extended the deadline for Qualcomm to submit its acquisition offer to May 27, 2025, indicating ongoing negotiations between the two companies. This extension suggests that Qualcomm is seriously considering the acquisition, which could enhance its capabilities in AI processing technology, particularly in the development of SerDes technology crucial for AI applications.

Qualcomm's leadership has also been actively engaging with key partners in China. On April 29, 2025, Qualcomm's China President, Meng Jun, and Senior Marketing Director, Chen Lei, visited the Tian Water Huatian Technology Research Center. The visit included a tour of the Tian Water Huatian Electronics Science and Technology Park and in-depth discussions on technology and market strategies, highlighting Qualcomm's commitment to strengthening its presence in the Chinese market.

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