US chipmaker Qualcomm (QCOM.O) agreed to acquire Alphawave (AWE.L) for about $2.4 billion on Monday, as it expands into the booming AI data center market, sending shares of the British semiconductor company surging more than 22 per cent.
Alphawave, which designs semiconductor tech for data centers, is the latest British company to be snapped up in a market plagued by low valuations and stunted growth, with US buyers swooping on
