April 29 (Reuters) - British semiconductor company

Alphawave IP Group ( AWEVF ) on Tuesday said the UK takeover panel

has extended the deadline for a takeover offer by U.S. chipmaker

Qualcomm ( QCOM ) to May 12.

Alphawave said it is in discussions with Qualcomm ( QCOM ) and,

accordingly, agreed to extend the previous deadline of April 29

for the U.S. chipmaker to make a formal bid, as required by UK

regulations.

The British company has been garnering takeover interest

from the likes of Qualcomm ( QCOM ) and Arm for a crucial

technology, known as "serdes", used for building AI processors.

Earlier this month, Alphawave had abstained from providing a

financial forecast due to uncertainty stemming from the "rapidly

developing nature" of U.S. tariffs.