Qualcomm is poised to acquire Alphawave Semiconductor, a leading semiconductor IP company, for an approximate sum of $2.4 billion. This strategic move aims to propel Qualcomm's expansion into the burgeoning data center sector and secure crucial assets. Alphawave Semiconductor specializes in high-speed wired connectivity and computing technologies, providing high-performance, energy-efficient data transmission solutions that are instrumental in Qualcomm's ambitions for chip scaling development.