U.S. chipmaker Qualcomm is considering making an offer to acquire Alphawave IP Group, it said on Tuesday, sending shares of the British semiconductor company surging more than 52%. Alphawave designs and licenses semiconductor technology for data centers,

Under UK takeover rules, Qualcomm has until April 29 to either announce a firm intention to make an offer for Alphawave or declare that it does not intend to proceed. This deadlin

Qualcomm Inc. said it’s weighing an offer for Alphawave IP Group Plc after the London-listed semiconductor company’s shares declined.