Semiconductor giant Qualcomm Inc. will acquire Nuvia, a maker of processors and system-on-chips, for $1.4 billion.
The deal will help Qualcomm accelerate the development of 5G processors for next-generation 5G computing and network demands, the company said. Nuvia consists of a CPU and technology design team with experience in developing processors, SoC and power management for compute-intensive devices and applications.
With Nuvia CPUs, Qualcomm will gain mobile graphics processing unit (GPU), AI engine, DSP and dedicated multimedia accelerators to further extend the Snapdragon platform. The semiconductors are expected to be integrated across Qualcomm’s portfolio that power smartphones, laptops, digital cockpits, advanced driver assistance systems (ADAS), mixed reality device and infrastructure networking.
"5G, the convergence of computing and mobile architectures, and the expansion of mobile technologies into other industries are significant opportunities for Qualcomm," said Cristiano Amon, president and CEO-elect at Qualcomm. "The NUVIA team are proven innovators, and like Qualcomm, have a strong heritage in creating leading technology and products. 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."