Qualcomm Technologies acquires Nuvia for $1.4 billion

Qualcomm Technologies acquires Nuvia for $1.4 billion

Qualcomm Applied sciences, Inc, a subsidiary of Qualcomm Integrated has entered right into a definitive settlement to accumulate high-performance computing startup Nuvia.

Qualcomm will purchase Nuvia for about $1.four billion earlier than working capital and different changes.

Nuvia was based by former Apple Inc veterans in 2019 who’ve beforehand labored on the A-series chip line that powers the iPhone and iPad, the Verge reported.

The acquisition is supposed to assist Qualcomm construct on its Snapdragon expertise and ship “step-function enhancements” in CPU efficiency and energy effectivity. Qualcomm additional emphasised on the necessity to construct on its computing skills to satisfy the calls for of next-generation 5G computing.

“5G, the convergence of computing and cellular architectures, and the growth of cellular applied sciences into different industries are vital alternatives for Qualcomm,” mentioned Cristiano Amon, President and CEO-Elect, Qualcomm Integrated.

“The NUVIA staff are confirmed innovators, and like Qualcomm, have a robust heritage in creating main expertise and merchandise. Collectively, we’re very properly positioned to redefine computing and allow our ecosystem of companions to drive innovation and ship a brand new class of merchandise and experiences for the 5G period,” added Amon.

The tech large is aiming to combine NUVIA CPUs throughout its product portfolio together with applied sciences that energy flagship smartphones, next-generation laptops, and digital cockpits, in addition to Superior Driver Help Methods, prolonged actuality and infrastructure networking options.

“Creating excessive efficiency, low-power processors and extremely built-in, advanced SoCs are a part of our DNA,” mentioned Jim Thompson, Chief Know-how Officer of Qualcomm.

“Including NUVIA’s deep understanding of the high-performance design and integrating NUVIA CPUs with Snapdragon – along with our industry-leading graphics and AI – will take computing efficiency to a brand new degree and drive new capabilities for merchandise that serve a number of industries,” Thompson mentioned.

NUVIA founders Gerard Williams III, Manu Gulati and John Bruno, and their staff will likely be becoming a member of Qualcomm as a part of the deal.

The announcement comes as Qualcomm awaits a change in management. Amon who’s at present the President of the corporate will succeed Steve Mollenkopf as CEO, efficient June 30, 2021.

The acquisition may also assist Qualcomm get a leg up on rivals comparable to Intel. It should additionally assist scale back its dependence on Arm Ltd which was acquired by competitor Nvidia in 2020.

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