Exclusive-Arm recently sought to acquire Alphawave for AI chip tech, sources say
NEW YORK/SAN FRANCISCO/LONDON (Reuters) -SoftBank-owned chip tech provider Arm Holdings recently sought to acquire UK-based Alphawave to secure a crucial technology for building its own artificial-intelligence processors, according to three sources familiar with the matter. Alphawave, a supplier of semiconductor intellectual property, has been working with its investment bankers to explore a sale after receiving acquisition interest from Arm and other potential acquirers, one of the sources told Reuters. Arm, however, has decided not to pursue a takeover of Alphawave after its initial discussions with the company, two of the sources said.