Qualcomm Incorporated has completed acquisition of CPU and technology design company, NUVIA for $1.4 billion before working capital and other adjustments.
“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, 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.”
Qualcomm Technologies 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 Qualcomm® Snapdragon™ platforms to feature Qualcomm Technologies’ 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 Technologies.
Qualcomm is a wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. Today, its foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone.
The company brings the benefits of mobile to new industries, including automotive, the internet of things, and computing, and is leading the way to a world where everything and everyone can communicate and interact seamlessly.