A London Exodus Gathers Speed
This is more than a merger—it’s a symbol of London’s slipping grip on tech IPOs and global listings. Following Wise PLC’s decision earlier in June to migrate its primary listing to the U.S., Alphawave’s departure raises tough questions for the LSE’s future. Critics now warn of a broader talent and capital flight unless reforms are swiftly enacted.
Qualcomm’s move comes amid a broader push to expand its reach into data centers, 5G, and AI infrastructure. “This acquisition supercharges our long-term roadmap in connected computing,” said Qualcomm President and CEO Cristiano Amon, who emphasized the alignment of goals between the two companies.
A Strategic Chip for Data’s Future
Founded in London, Alphawave specializes in ultra-fast chip interconnects, making it a coveted player in the booming sectors of artificial intelligence, high-speed networking, and cloud-scale data centers. Qualcomm plans to integrate Alphawave’s designs into its expanding portfolio, enhancing the infrastructure that underpins next-gen computing.
