Qualcomm on Monday said its $2.4 billion deal to acquire chip designer Alphawave Semi will “accelerate” the company’s expansion into the data center market.

The acquisition of Alphawave Semi aims to further accelerate, and provide key assets for, Qualcomm's expansion into data centers. Qualcomm Oryon CPU and Hexagon NPU processors are well positioned to meet the growing demand for high-performance,

Fabless chipmaking giant Qualcomm is set to grow yet stronger with a $2.4 billion agreement to acquire Alphawave Semi now inked.