With Qualcomm’s plan to acquire UK chipmaker Alphawave, the company is trying to expand its AI and data center capabilities and reduce reliance on smartphones.

The acquisition of the UK’s Alphawave by a US firm marks the latest loss for the London Stock Exchange. View on euronews

U.S. chipmaker Qualcomm agreed to acquire Alphawave for about $2.4 billion on Monday, as part of efforts to strengthen its AI technology, sending shares of the British semiconductor company up by almost a quarter.