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flag Qualcomm buys Alphawave for $2.4 billion to enhance AI chip capabilities.

flag US chipmaker Qualcomm has agreed to acquire British semiconductor firm Alphawave for $2.4 billion to boost its artificial intelligence capabilities. flag Alphawave specializes in semiconductor technology for data centers, networking, and storage, particularly its 'serdes' technology, which enhances chip processing speeds. flag The acquisition offers Alphawave shareholders a 96% premium, valued at 183 pence per share.

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