Qualcomm yesterday announced that it has fully acquired chip start-up firm NUVIA. The firm NUVIA was found back in 2019 by three of Apple’s former semiconductor executives. Qualcomm has acquired the firm in hope of having a stronger base, which should help it to compete with Apple and Intel chips.
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The acquisition has completed with a $1.4 billion cash deal. The President and CEO-Elect Qualcomm, Cristiano Amon stated – “5G, the convergence of computing and mobile architectures, and the expansion of mobile technologies into other industries are significant opportunities for Qualcomm. The NUVIA team are proven innovators, and like Qualcomm, have a strong heritage in creating leading technology and products. I am very excited to have them join our team. Together, we are very well positioned to redefine computing and enable our ecosystem of partners to drive innovation and deliver a new class of products and experiences for the 5G era.”
And as you can guess, Qualcomm is planning to integrate NUVIA’s tech with its own. Finally, Qualcomm now doesn’t have to depend on ARM (that’s now acquired by NVIDIA). Beating Apple and Intel in chip technologies is still a long way to go, but it will surely benefit the common masses. Qualcomm is expecting to feature its initial designs with NUVIA by the second half of 2022.
