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

The takeover talk relating to Alphawave highlights an issue that has long dogged the UK tech sector: companies in the country struggle to scale out from the startup phase due to a lack funding, and instead turn to overseas backers and ultimately end up in foreign ownership – as Arm itself did.