AlphawaveIP – up over 100% in just over two months, take the cash and reinvest immediately

Mark Watson-Mitchell - 09.06.2025

This morning Qualcomm has tied up its $2.4bn acquisition of the AlphawaveIP Group (LON:AWE).

At the start of April, I featured the shares of Alphawave IP Group (LON:AWE) at 117p, following their swift rise from 91.50p on the last day of March.

Upon this morning’s announcement the AWE shares have risen by 34p to 183p, which is double the pre-approach price.

For my readers that marks a 56% improvement in those two months.

The Business

Set up in Toronto, Canada in 2017, by an expert technical team with a proven track record in licensing semiconductor IP, the mission of the Alphawave IP Group is to focus on the hardest-to-solve connectivity challenges.

It develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the UK.

AWE is a vertically integrated semiconductor company, with some 900 employees, offering silicon IP solutions, chiplets, custom silicon, and connectivity products.

The group serves the data centre, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.

Alphawave supplies cutting edge connectivity solutions for the world’s most demanding applications in digital infrastructure through the licensing of its IP, the supply of custom silicon, and, from last year, sales of its optical connectivity products.

Its technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power.

Management Comment

Commenting on the Acquisition, Tony Pialis, President and Chief Executive Officer of Alphawave, said:

"Qualcomm's acquisition of Alphawave represents a significant milestone for us and an opportunity for our business to join forces with a respected industry leader and drive value to our customers.

By combining our resources and expertise, we will be well-positioned to expand our product offerings, reach a broader customer base, and enhance our technological capabilities.

Together, we will unlock new opportunities for growth, drive innovation, and create a leading player in AI compute and connectivity solutions.

For our shareholders, the Alphawave Board is pleased that Qualcomm's offer provides an opportunity to realise compelling value for their shares."

My View

Although there are alternatives within this Offer, I would consider that the gain over the last couple of months is certainly good enough to bank.

But with the way the market is currently and seeing just how active the ‘bid scene’ has become of late,

Alphawave - Data centre

it makes sense to sell straight into the market at the current 183p and reinvest the proceeds as quickly as possible.