FILE PHOTO: Qualcomm logo is seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -U.S. chipmaker Qualcomm said on Tuesday it was considering making an offer to acquire UK-based Alphawave, sending shares of the British company surging.
Alphawave, a supplier of semiconductor intellectual property, has also garnered acquisition interest from SoftBank-owned chip tech provider Arm, Reuters exclusively reported earlier in the day.
Shares of the British company were up 48.3% at 138.7 pence by 1312 GMT. It is currently valued at 708.23 million pounds ($913.12 million), according to data compiled by LSEG.
Alphawave did not immediately respond to a Reuters request for comment.
($1 = 0.7756 pounds)
(Reporting by Yamini Kalia and Anandita Mehrotra in Bengaluru; Editing by Shilpi Majumdar)
