UK chip designer Alphawave agrees to $2.4bn takeover by US rival Qualcomm

<p>Offer to buy the British-listed company is latest blow to the London Stock Exchange</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/jun/09/us-and-china-officials-london-trade-talks-stock-markets-business-live-news">Business live – latest updates</a></p></li></ul><p>The British chip designer Alphawave has agreed to a $2.4bn (£1.8bn) takeover by its US rival Qualcomm, the latest loss to the London Stock Exchange as it struggles to hang on to large technology companies.</p><p>Alphawave, which is one of the few semiconductor companies listed in the UK, received an offer worth 183p a share and on Monday its board recommended the deal to shareholders after months of talks.</p> <a href="https://www.theguardian.com/business/2025/jun/09/uk-alphawave-bought-by-us-qualcomm-london-stock-exchange">Continue reading...</a>