Qualcomm to Acquire Alphawave Semi in $2.4 Billion Deal

Paul, Weiss is advising Qualcomm Incorporated, one of the world’s leading wireless technology innovators, on its recommended acquisition of Alphawave IP Group plc (known as Alphawave Semi), a London Stock Exchange-listed global leader in high-speed wired connectivity and computer technologies. The deal values Alphawave Semi at an enterprise value of approximately $2.4 billion and aims to further accelerate, and provide key assets for, Qualcomm’s expansion into data centers. The acquisition is expected to close during the first quarter of 2026, subject to the satisfaction or waiver of certain conditions.

The cross-jurisdictional Paul, Weiss team is led by corporate partners Kyle Seifried, Dan Schuster-Woldan, Matthew Hearn and Scott Barshay, and includes partners Judie Ng Shortell, Patricia Vaz de Almeida, and counsel Nathan Mitchell and Jack Sun; intellectual property partners John Patten, Jonathan Ashtor and Brianna van Kan and counsel Georgina Hoy; executive compensation partner Matthew Friestedt; tax partners Jeffrey Samuels, Cian O’Connor, Brian Krause and Deeksha Rathi; and antitrust partners Nicole Kar and Scott Sher, and counsel Alexandra Hackney and Todd Hahn.