Qualcomm reported purchasing $1.4 billion worth of high-performance computing start-up NUVIA, minus some working capital and debt coverage. The chipmaker expects the acquisition of NUVIA to help it cement its leadership in Snapdragon technology and continue to deliver substantial CPU output and power efficiency improvements for next-gen 5G computing.
Cristiano Amon, President, and CEO-Elect, of Qualcomm, said,
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.
The firm has been working on a custom CPU core intended for use in server chips. However, Qualcomm plans to use NUVIA’s CPUs to power a broad range of products, including flagship smartphones, tablets, digital cockpits, Advanced Driver Assistance Systems, and more.
The news comes only a week after Qualcomm announced the retirement of Steve Mollenkopf, its current CEO, representing the company for over 26 years. As the new CEO, Mollenkopf will be succeeded by Cristiano Amon, the current President of the group.
