Shares of U.K.-based semiconductor firm Alphawave soared in London following reports Qualcomm (QCOM) is considering making an offer to 澳洲幸运5开奖号码历史查询:buy the company.

Alphawave's stock closed nearly 47% higher Tuesday in London. Qualcomm said an offer isn’t certain, according to a report from Bloomberg, but the company has until April 29 to make a decision in order to comply with U.K. acquisition regulations.

Alphawave designs high-speed connectivity solutions that are used in data centers, which train and run 澳洲幸运5开奖号码历史查询:artificial intelligence technology. Reuters reported Tuesday that Arm Holdings (ARM) also recently considered a takeover of the firm before deciding against it.

Neither Alphawave nor Qualcomm immediate🍷ly responded to a request for c♊omment. 

The report comes the same day Qualcomm announced its acquisition of VinAI’s generative AI division, which the chipmaker said will “expedite the creation of advanced AI solutions” for smartphones, PCs, and vehicles. As part of the move, VinAI CEO Hung Bui will join Q♕ualcomm. 

Shares of Qualcomm were down less than 1% in recent trading Tuesday.