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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Finance

    UK takeover panel gives Qualcomm more time to make bid for Alphawave

    Published by Global Banking and Finance Review

    Posted on April 29, 2025

    Featured image for article about Finance

    (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)

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