<ul><li>British chip designer Alphawave has agreed to a $2.4bn (£1.8bn) takeover by its US rival Qualcomm.</li><li>The deal, valued at $2.4bn, is expected to complete in the first three months of 2026, with each share priced at 183p.</li><li>Alphawave designs and licenses high-speed connectivity technology for datacentres and AI applications, areas of growth in the sector.</li><li>The takeover trend of UK technology companies by US rivals or shifting listings to the US continues, with Alphawave being the latest example.</li></ul>

UK chip designer Alphawave bought by US rival Qualcomm for $2.4bn

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