Qualcomm powers several products including smartphones, computers, and automobiles. Now, its processors are about to get more powerful as it has announced it is planning to acquire NUVIA, an American silicon design company.
A press statement released by Qualcomm says that it has entered into an agreement to acquire NUVIA for approximately $1.4 billion (excluding working capital and other adjustments). The acquisition is still subject to regulatory approval.
NUVIA is said to be made up of “a world-class CPU and design team that has experience in high-performance processors, Systems on a Chip (SoC), and power management for compute-intensive devices and applications.” The merger with Qualcomm, which is already known for its mobile GPUs, DSP, and dedicated multimedia accelerators, will further propel Qualcomm as a leader in the industry.
Qualcomm says that NUVIA CPUs will be integrated with its current portfolio of products which includes mobile processors for flagship smartphones, next-gen laptops, digital cockpits, Advanced Driver Assistance Systems, extended reality, and infrastructure networking solutions.
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CEO-elect and current president of Qualcomm, Cristiano Amon, said he is excited at NUVIA joining their team while Jim Thompson, the Chief Technology Officer said that the integration of NUVIA CPUs with Snapdragon including will take computing performance to a new level and drive new capabilities for products that serve multiple industries.”
Biao Wan, Chairman of Honor Device Co. Ltd is quoted to have said “As a new, independent company committed to bringing breakthrough mobile experiences to consumers, we are pleased to see that Qualcomm will acquire NUVIA, enabling them to continue to lead in developing and delivering premium performance Snapdragon mobile platforms to the market,”. The inclusion of the former Huawei-subsidiary further confirms that Honor smartphones powered by Snapdragon processors are on the way.
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