Finance
UK takeover panel gives Qualcomm more time to make bid for Alphawave
Published by Global Banking & Finance Review®
Posted on April 29, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 29, 2025
1 min readLast updated: January 24, 2026
The UK takeover panel has extended Qualcomm's deadline to bid for Alphawave to May 12, focusing on serdes technology crucial for AI processors.
(Reuters) -British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 12.
Alphawave said it is in discussions with Qualcomm and, accordingly, agreed to extend the previous deadline of April 29 for the U.S. chipmaker to make a formal bid, as required by UK regulations.
The British company has been garnering takeover interest from the likes of Qualcomm and Arm for a crucial technology, known as "serdes", used for building AI processors.
Earlier this month, Alphawave had abstained from providing a financial forecast due to uncertainty stemming from the "rapidly developing nature" of U.S. tariffs.
(Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza)
The main topic is the UK takeover panel extending Qualcomm's deadline to bid for Alphawave, focusing on serdes technology.
Alphawave is attracting interest due to its serdes technology, which is crucial for building AI processors.
Alphawave faces challenges from US tariffs, leading to uncertainty in financial forecasts.
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