$1.4 billion! Qualcomm completes acquisition of NUVIA

Qualcomm Incorporated (NASDAQ: QCOM) announced that its subsidiary, Qualcomm Technologies, Inc., has completed the acquisition of NUVIA, a world-class CPU and technology design company, for $1.4 billion (before working capital and other adjustments).

“The world-class NUVIA team will enhance our CPU product roadmap and extend Qualcomm’s technology leadership in the Windows, Android and Chrome ecosystems,” said Amon, president and CEO-elect of Qualcomm. “On-demand computing will continue to grow in the 5G era, and the broad support for this acquisition from partners across a wide range of industries demonstrates the significant opportunities we face in delivering differentiated products with leading CPU performance and energy efficiency.”

Qualcomm Technologies plans to integrate the next-generation CPU into a broad product portfolio to power flagship smartphones, laptops, digital cockpits and advanced driver assistance systems, extended reality, and infrastructure network solutions. The first Qualcomm Snapdragon™ platforms using the new CPU designed in-house by Qualcomm Technologies are expected to sample in the second half of 2022 and are designed to support high-performance ultra-portable laptops.

“We are excited to join the industry’s leading wireless technology innovator driven by our shared vision to invent breakthrough technologies,” said Gerard Williams, former CEO of NUVIA and current senior vice president of engineering at Qualcomm Technologies. “Together, we will create a new class of high-performance computing platforms that will set the industry benchmark.”