Qualcomm announces $ 1.4 billion acquisition of NUVIA

Qualcomm announces $ 1.4 billion acquisition of NUVIA

Qualcomm announced the acquisition of NUVIA, a startup made up of some great industry veterans. The deal is valued at $ 1.4 billion before working capital and other adjustments, Qualcomm said.

The acquisition (via AnandTech) could have a big impact on Qualcomm’s future as it seeks to compete more in the mobile, PC and server areas. NUVIA has been working on designing its own custom high-performance processor cores for servers based on the ARM architecture, so the acquisition could also allow Qualcomm to re-enter the server market.

Qualcomm says the impending 5G explosion is one of the main reasons for the acquisition. “5G is further accelerating the convergence of mobility and computing,” Qualcomm said. “The acquisition of NUVIA builds on Qualcomm Technologies’ Snapdragon technology leadership, delivering step-by-step feature improvements in processor performance and power efficiency to meet the demands of next-generation 5G computing.”

Originally founded in February …

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