Qualcomm (QCOM) announced that it has completed its acquisition of Alphawave Semi, approximately one quarter ahead of schedule. Tony Pialis, CEO and co-founder of Alphawave Semi, will lead the Qualcomm data center business. “Alphawave Semi’s expertise in high-speed connectivity technologies complements our Qualcomm Oryon CPU and Hexagon NPU processors,” said Cristiano Amon, president and CEO of Qualcomm Incorporated. “Qualcomm delivers high-performance, energy-efficient compute and AI solutions, and the addition of Alphawave’s technologies will strengthen our platforms and optimize performance for next-generation AI data centers.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QCOM:
- Looking for Exposure to Netflix Stock (NFLX)? Here’s How to Buy Without the Risk
- Qualcomm Announces Board Member Neil Smit’s Retirement
- Qualcomm price target raised to $185 from $170 at Cantor Fitzgerald
- Trump Weekly: Nvidia AI chips unusual review, marijuana order expected
- Trump Trade: Trump aiming to reduce restrictions on marijuana
