Qualcomm completes acquisition of NUVIA for USD 1.4 billion
Qualcomm Technologies, Inc., has announced the complete acquisition of the CPU and technology design company, NUVIA for USD 1.4 billion.
“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 Incorporated. “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.”
As per Qualcomm, the company intends to integrate next-generation CPUs across a range of products, including flagship smartphones, laptops, digital cockpits, Advanced Driver Assistance Systems, AR/VR, and networking infrastructure equipment. The company also states that the first Qualcomm Snapdragon platforms to feature Qualcomm Technologies’ new internally designed CPUs are expected to test in the second half of 2022.
“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. Gerard Williams is now the SVP of Engineering at Qualcomm Technologies.