Jo Crowley 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,

Arm (NASDAQ:ARM) was looking to acquire British company Alphawave to attain a vital technology which is crucial for building its own AI processors, Reuters reported, citing people with knowledge of the matter.

British chip designer Arm Holdings explored acquiring semiconductor IP supplier Alphawave, but backed out due to discussions with SoftBank and Qualcomm. Arm expects 50% data center CPU market share by 2025 and has been accused of antitrust violations.