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Arm Holdings considered acquiring Alphawave to boost AI chip tech but decided against it.
Arm Holdings, owned by SoftBank, considered acquiring Alphawave, a UK semiconductor IP supplier valued at $913.36 million, to enhance AI chip technology.
The deal aimed to boost the speed of data on and off chips, crucial for AI applications.
However, Arm decided not to proceed after initial talks.
Alphawave's joint venture in China with WiseWave added complexity to the deal, impacting Arm's recent public listing.
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