A definitive agreement has been reached between Qualcomm and Nuvia, whereby the latter will pay $1.4 billion. This news was made public on the Qualcomm website.
Qualcomm (QCOM) recently announced Nuvia processors’ addition to its comprehensive family of modem and RF transceiver solutions. These processors integrate with premium-tier devices, including smartphones, laptops, car displays, advanced driver assistance systems (ADAS), augmented reality solutions, and infrastructure.
Founders of Nuvia’s startup will join Qualcomm’s team as part of the deal. Microsoft, Google, Samsung, Acer, ASUS, HP, Lenovo, Xiaomi, and other companies supported the startup’s acquisition.
In early January, it was announced that Steve Mollenkopf, the CEO of Qualcomm, will retire after more than 26 years at the company. Cristiano Amon, the current president of the chipmaker, will replace him on June 30 this year.
Under Mollenkopf’s leadership, Qualcomm (QCOM) prevailed in court against Apple in a dispute concerning unfavorable licensing terms for chips. In 2019, the conflict ended, which lasted for two years. Qualcomm agreed to an end to the litigation by entering into a patent agreement with Apple. Additionally, Apple paid over $4.5 billion in compensation.
Mobile and computing are becoming increasingly integrated through 5G. Qualcomm Incorporated’s acquisition of NUVIA will build upon Qualcomm’s Snapdragon technology leadership, which delivers significant performance and power efficiency improvements to support 5G computing.
It is expected that the NUVIA CPUs will be integrated across Qualcomm’s entire product portfolio, powering flagship smartphones, next-generation laptops, digital cockpits, and advanced driver safety solutions.