Update, March 16 (10:30 am ET): Qualcomm has completed its acquisition of NUVIA.
What you need to know
- Qualcomm Technologies is acquiring chip startup NUVIA for $1.4 billion.
- The startup was founded by three of Apple's former top semiconductor executives.
- Qualcomm plans to integrate NUVIA CPUs across its portfolio of products.
Qualcomm today announced that it has acquired chip startup NUVIA in a $1.4 billion cash deal. The chipmaker expects the NUVIA acquisition to help it cement its Snapdragon technology leadership and continue to deliver significant improvements in CPU performance and power efficiency for next-gen 5G computing.
Cristiano Amon, President and CEO-Elect, Qualcomm, said in a statement:
NUVIA was founded in 2019 by three of Apple's former top semiconductor executives, who lead the development of A-series chips powering the company's iPhones and iPads. The company has so far been working on a custom CPU core meant for use in server chips. Qualcomm, however, is planning to use NUVIA's CPUs to power a wide variety of devices – including flagship smartphones, laptops, digital cockpits, Advanced Driver Assistance Systems, and more. By integrating NUVIA CPUs into its Snapdragon chips, Qualcomm can also significantly lower its dependence on ARM, which was acquired by NVIDIA last year.
The news comes just a week after Qualcomm announced the retirement of its current CEO, Steve Mollenkopf, who served the company for over 26 years. Cristiano Amon, who is the company's current President, will replace Mollenkopf as the new CEO.
Update, March 16 (10:30am ET) ― Qualcomm completes its acquisition of NUVIA
Qualcomm has announced that it has completed its acquisition of NUVIA. The chipmaker expects the first Snapdragon platforms with NUVIA designed CPUs to sample in the second half of 2022. They will be aimed at high performance ultraportable laptops.
Cristiano Amon, President and CEO-Elect, Qualcomm Incorporated, said in a statement:
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