Canadian Innovation Leaves Again in Alphawave’s $2.4B Exit

M&A | June 16, 2025 Toronto-Founded Alphawave Exits via UK listing and Qualcomm Acquisition Another high growth Canadian founded tech startup exits on foreign soil. U.S. giant Qualcomm has agreed to acquire Toronto-founded semiconductor designer Alphawave Semi (Alphawave) for US$2.4 billion. The acquisition strengthens Qualcomm's data center and AI capabilities but also raises recurring questions

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