British chip designer Alphawave is set to be acquired by U.S. semiconductor giant Qualcomm in a $2.4 billion deal, marking another major loss for the London Stock Exchange as tech firms continue shifting to U.S. markets in search of higher valuations.
British semiconductor company Alphawave has agreed to a $2.4 billion (£1.8 billion) takeover by U.S. tech giant Qualcomm, the latest high-profile technology exit from the London Stock Exchange. The Alphawave board has recommended the offer of 183p per share to shareholders, following months of negotiations.
The transaction is expected to close in the first quarter of 2026, pending shareholder approval. Alphawave specializes in high-speed connectivity solutions for datacentres and artificial intelligence systems, areas seen as crucial for future growth in the global chip industry.
Listed in 2021 at 410p per share, Alphawave has mostly traded below its IPO price. The company's acquisition follows a pattern of UK tech companies either being bought by US firms or relocating their listings across the Atlantic in pursuit of stronger liquidity and investor appetite.
Recent examples include food delivery firm Deliveroo’s £2.9 billion acquisition by DoorDash, cybersecurity firm Darktrace’s $5.3 billion deal with Thoma Bravo, and Wise’s announcement to shift its main listing to the U.S.
The trend has also extended beyond the tech sector, with companies such as Ashtead, Flutter Entertainment, CRH, and Indivior moving or planning to move their primary listings to U.S. exchanges.
This growing exodus underlines concerns over London’s appeal as a global hub for publicly listed technology firms, especially as U.S. markets continue to dominate with higher valuations and deeper pools of capital.
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A collision involving a student bus and a vehicle on Malaysia’s East-West Highway has left at least 15 people dead and dozens injured, prompting condolences and support directives from national authorities.
The Church of England is set to invest a record $2.2 billion over three years to support clergy and parishes, aiming to fuel a revival in church attendance.
Japanese hotelier Metaplanet aims to raise $5.4 billion to dramatically expand its Bitcoin holdings to 210,000 BTC by 2027, eyeing 1% of total supply. Shares surged 15% as it mirrors MicroStrategy's successful pivot, becoming a "Bitcoin treasury company" with a "Bitcoin Hotel" set to open in 2026.
U.S. President Donald Trump is set to speak with Israeli PM Netanyahu as Tehran prepares a counter-proposal to Washington’s nuclear offer via Oman, amid rising tensions over Gaza aid and Iran’s enrichment program.
Top U.S. and Chinese officials are meeting in London to cool rising trade tensions, with rare earth exports and global supply chain stability at the center of the talks.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Japanese hotelier Metaplanet aims to raise $5.4 billion to dramatically expand its Bitcoin holdings to 210,000 BTC by 2027, eyeing 1% of total supply. Shares surged 15% as it mirrors MicroStrategy's successful pivot, becoming a "Bitcoin treasury company" with a "Bitcoin Hotel" set to open in 2026.
A number of French companies are facing restructurings due to economic challenges, a situation that has garnered interest from hedge funds specialising in distressed debt.
Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
A collision involving a student bus and a vehicle on Malaysia’s East-West Highway has left at least 15 people dead and dozens injured, prompting condolences and support directives from national authorities.
The Church of England is set to invest a record $2.2 billion over three years to support clergy and parishes, aiming to fuel a revival in church attendance.
Japanese hotelier Metaplanet aims to raise $5.4 billion to dramatically expand its Bitcoin holdings to 210,000 BTC by 2027, eyeing 1% of total supply. Shares surged 15% as it mirrors MicroStrategy's successful pivot, becoming a "Bitcoin treasury company" with a "Bitcoin Hotel" set to open in 2026.
U.S. President Donald Trump is set to speak with Israeli PM Netanyahu as Tehran prepares a counter-proposal to Washington’s nuclear offer via Oman, amid rising tensions over Gaza aid and Iran’s enrichment program.
Top U.S. and Chinese officials are meeting in London to cool rising trade tensions, with rare earth exports and global supply chain stability at the center of the talks.
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