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.
A senior Iranian military officer warned that American troops will become &lsq...
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island&rsq...
Russian drone attacks on Ukraine have killed four people, Ukrainian officials said on Saturday (28 March). ...
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of...
More than 372,000 people were left without electricity in Russia’s southern region of Dagestan after heavy rain triggered severe flooding, of...
A senior Iranian military officer warned that American troops will become ‘food for sharks’ on Sunday if the U.S. launches a ground offensive in Iran. The threat came as contingents of U.S. Marines began to arrive in the Middle East, with thousands expected to be deployed in the region.
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island’s political and economic system. Renewed focus on relations comes as Donald Trump’s rhetoric intensifies and conditions on the island worsen.
Russian drone attacks on Ukraine have killed four people, Ukrainian officials said on Saturday (28 March).
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of preparations for the first crewed journey towards the Moon in more than five decades
The involvement of Yemen’s Houthis has heightened regional tensions as the Iran-aligned group joins the conflict. The U.S. says it is hopeful of holding talks with Iran in the coming days, while Tehran has said that "talking and bombing is intolerable". Welcome to our live coverage of the conflict.
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island’s political and economic system. Renewed focus on relations comes as Donald Trump’s rhetoric intensifies and conditions on the island worsen.
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of preparations for the first crewed journey towards the Moon in more than five decades
Iranian Military Spokesman Lieutenant Colonel Ibrahim Zulfiqari has warned that American soldiers will become 'food for sharks' if U.S. President Donald Trump launches ground attacks against Iran. The threat comes after the U.S. military said it was deploying thousands of Marines to the region.
China is moving ahead with plans to establish a nationwide long-term care insurance system, aimed at supporting its rapidly ageing population and easing the financial burden on families caring for elderly relatives.
Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
Meta Platforms is increasing compensation for top executives, including its first-ever offer of stock options, as it tries to fend off competition in the artificial intelligence (AI) race and incentivize leaders to stay with the company for several years.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment