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Qualcomm announces Nuvia acquisition plan
Mobile chip giant makes strategic acquisition to augment technology roadmap to redefine compute performance for next-generation devices
Share this item with your network: By Published: 14 Jan 2021 15:25
As chip giant Qualcomm continues to prepare for its change in executive leadership, aiming to take advantage of opportunities in the 5G space, it has revealed that it has entered into a definitive agreement to acquire silicon design firm Nuvia.
Nuvia describes its mission as “to reimagine silicon in a new way and create computing platforms that redefine performance for the modern datacentre”. It specialises in CPU and technology design, claiming industry-leading expertise in high-performance processors, systems on a chip (SoC) and power management for compute-intensive devices and applications.
Qualcomm to Acquire NUVIA
Accelerating successful partnerships with OS providers for next-generation computing devices
Enabling Samsung and the mobile ecosystem to redefine premium performance for smartphones
Leading CPU talent to join Qualcomm s best in class innovation culture
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SAN DIEGO, Jan. 13, 2021 /PRNewswire/ Qualcomm Incorporated (NASDAQ: QCOM) today announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire NUVIA for approximately $1.4 billion before working capital and other adjustments. The transaction is subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.