Arm recently sought to acquire Alphawave for AI chip tech, sources say
Reuters exclusively reported that chip tech provider Arm Holdings recently sought to buy UK-based Alphawave to secure a crucial technology for building its own artificial-intelligence processors. The story sent Alphawave shares up 21%, the biggest gain since September 2021, and flushed out a statement from Qualcomm that it was considering a bid for Alphawave. That fueled a total rise in Alphawave shares of 52%. The post Arm recently sought to acquire Alphawave for AI chip tech, sources say appeared first on Reuters Best.
Reuters exclusively reported that chip tech provider Arm Holdings recently sought to buy UK-based Alphawave to secure a crucial technology for building its own artificial-intelligence processors. The story sent Alphawave shares up 21%, the biggest gain since September 2021, and flushed out a statement from Qualcomm that it was considering a bid for Alphawave. That fueled a total rise in Alphawave shares of 52%.
Why it matters
Arm approached Alphawave recently with the aim of acquiring its technology that determines how fast information can get onto and off a chip. Known as “serdes” – short for serializer-deserializer – the technology is crucial to making an AI chip that could stand out from rivals.
The post Arm recently sought to acquire Alphawave for AI chip tech, sources say appeared first on Reuters Best.
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