Mobile silicon chip maker Qualcomm has announced its acquisition of CPU startup NUVIA for $1.4 billion, a deal that would definitely make competitors such as IBM, AMD and even Apple sit up and take notice. The deal could be perceived as one final feather on the cap of outgoing CEO Steve Mollenkopf, who retires in March after 26 years with the company.
The deal brings NUVIA's design engineering expertise as well as its senior leadership, which is made up of engineers from Apple. This group was part of the team that had worked on the custom ARM CPU development for the latest MacBooks and iPhones. The deal should give Qualcomm access to several new markets and categories.
The brains behind NUVIA
For those who are hearing about NUVIA the first time, this startup hit the headlines when it raised $53 million in Series-A funding late in 2019 and ...
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