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Qualcomm has finalized its $2.4 billion acquisition of Alphawave Semi, ahead of schedule, to bolster its position in the data center and AI sectors. The deal brings valuable technology and leadership, with Alphawave CEO Tony Pialis heading Qualcomm's new data center division, as the company aims to reduce its reliance on the smartphone market. Concerns have emerged regarding insider selling by executives, while analysts consider this acquisition a more pragmatic strategy compared to past Intel takeover discussions.