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Qualcomm Bolsters 5G Ambitions With Planned $1 4 Billion Acquisition

Jan. 13, 2021 8:00 am ET Mobile-phone chip giant Qualcomm Inc. QCOM 2.09% said Wednesday that it has agreed to acquire a chip startup founded by former Apple Inc. engineers, adding to a wave of deals remaking the semiconductor industry. Qualcomm said it plans to buy Nuvia Inc. and use the two-year-old company’s technology in its flagship smartphones, driver-assistance systems, laptops and networking infrastructure. The proposed all-cash transaction is valued at about $1.4 billion, Qualcomm said, before working capital and other adjustments. Nuvia’s expertise in designing central processing units, Qualcomm said, would help it boost chip performance and power efficiency characteristics that are vital to success in the hot 5G-networking market that Qualcomm has made a priority.

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Qualcomm seeks to Challenge Apple s advanced processors by Acquiring Nuvia that s run by one-time Mastermind of Apple s A-Series Processors

Qualcomm seeks to Challenge Apple s advanced processors by Acquiring Nuvia that s run by one-time Mastermind of Apple s A-Series Processors In November 2019, Patently Apple posted a report titled The Mastermind behind Apple s A-Series Processors is now CEO of a startup called NUVIA aiming to take on Intel and AMD. Gerard Williams III was Apple s Senior Director in Platform Architecture responsible for SOC and CPU development. In December 2019 we followed up with a report about Apple suing Williams III for breach of contract. with plans to put the firm’s technology into its smartphone, laptop and automotive processors. The deal marks a big push by Qualcomm to reestablish a leading position in chip performance after several years of high-profile patent licensing litigation with rival Apple and regulatory authorities.

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Qualcomm eyes challenge to Apple, Intel with $1 4 bn deal for chip startup

Qualcomm eyes challenge to Apple, Intel with $1 4 bn deal for chip startup
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QUALCOMM Incorporated (NASDAQ:QCOM), Advanced Micro Devices, Inc (NYSE:AMD) - Qualcomm To Buy Startup Nuvia In $1 4B Deal: What Investors Need To Know

Chip and semiconductor manufacturer Qualcomm, Inc. (NASDAQ: QCOM), the second-largest chip and semiconductor manufacturer, announced Wednesday that they are .

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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of QUALCOMM, Inc

/PRNewswire/ Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State.

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