American chipmaker Qualcomm Incorporated has completed its acquisition of Alphawave IP Group plc (Alphawave Semi), which will accelerate the company’s expansion into the data center market.

Qualcomm’s acquisition of Alphawave, with implied enterprise value of US$2.4 billion, aims to further accelerate and provide key assets for Qualcomm’s expansion into data center.

Tony Pialis, CEO and co-founder of Alphawave Semi, will lead the Qualcomm data center business.

Strengthens Qualcomm’s AI Data Center Platforms

Alphawave Semi is a global leader in high-speed wired connectivity and compute technologies. Accordingly, they deliver IP, custom silicon, connectivity products and chiplets that drive faster, more reliable data transfer with higher performance and lower power consumption. Alphawave Semi’s products enable next-generation services in a wide array of high growth applications. These include data centers, AI, data networking and data storage.

“Alphawave Semi’s expertise in high-speed connectivity technologies complements our Qualcomm Oryon CPU and Hexagon NPU processors,” said Cristiano Amon, President and CEO of Qualcomm Incorporated. “Qualcomm delivers high-performance, energy-efficient compute and AI solutions, and the addition of Alphawave’s technologies will strengthen our platforms and optimize performance for next-generation AI data centers.”

Meanwhile, Tony Pialis, president and CEO of Alphawave Semi said Qualcomm’s acquisition of Alphawave is a significant milestone as this will not only expand their product offerings but will also reach a broader customer base and enhance technological capabilities.

20 December 2025