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

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British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by US 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,…



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


British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by US 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,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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