Qualcomm Completes Acquisition of NUVIA
Qualcomm has completed its acquisition of the CPU and technology design company, NUVIA for $1.4 billion before working capital and other adjustments. The company has also set plans to incorprate their innovations into silicon for a range of devices including smartphones and laptops.
“The world-class NUVIA team enhances our CPU roadmap, extending Qualcomm’s leading technology position with the Windows, Android and Chrome ecosystems,” said Cristiano Amon, President and CEO-Elect of Qualcomm. “The broad support of this acquisition from across industries validates the opportunity we have to provide differentiated products with leading CPU performance and power efficiency, as on-demand computing increases in the 5G era.”
Qualcomm expects to integrate next generation CPUs across a wide portfolio of products, including powering flagship smartphones, laptops, and digital cockpits, as well as Advanced Driver Assistance Systems, extended reality, and infrastructure networking solutions. The first Snapdragon platforms to feature new internally designed CPUs are expected to sample in the second half of 2022 and will be designed for high performance ultraportable laptops.
“We are excited to join the leading wireless innovator in the industry, driven by a common mission of inventing breakthrough technologies. Together, we will create a new class of high-performance computing platforms that set the bar for the industry,” said Gerard Williams former CEO of NUVIA, who now is SVP of Engineering at Qualcomm.