Arm and Qualcomm have both reportedly held discussions with Alphawave about a potential takeover. The two chip giants compete in several key markets, including designing

NEW YORK/SAN FRANCISCO/LONDON (Reuters) - SoftBank-owned chip tech provider Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own artificial-intelligence processors, according to three sources familiar with the matter.

Arm (ARM) was reportedly looking to acquire British company Alphawave to attain a vital technology which is crucial for building its own AI processors.