Qualcomm Technologies, Inc., the subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), is to acquire Nuvia, a Santa Clara, CA-based company redesigning silicon design for high-performance computing environments, for approximately $1.4 billion before working capital and other adjustments.
The transaction is subject to customary closing conditions.
The acquisition of Nuvia builds on Qualcomm Technologies’ Snapdragon technology leadership, delivering step-function improvements in CPU performance and power efficiency to meet the demands of next-generation 5G computing. The addition of NUVIA CPUs to Qualcomm Technologies’ mobile graphics processing unit (GPU), AI engine, DSP and dedicated multimedia accelerators will further extend the leadership of Qualcomm Snapdragon platforms, and positions Snapdragon as the preferred platform for the future of connected computing.
NUVIA comprises a proven CPU and technology design team, with expertise in high performance processors, Systems on a Chip (SoC) and power management for compute-intensive devices and applications.
NUVIA CPUs are expected to be integrated across Qualcomm Technologies’ broad portfolio of products, powering flagship smartphones, next-generation laptops, and digital cockpits, as well as Advanced Driver Assistance Systems, extended reality and infrastructure networking solutions.
As part of the transaction, Nuvia founders Gerard Williams III, Manu Gulati and John Bruno, and their employees will be joining Qualcomm.
FinSMEs
13/01/2020