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Qualcomm acquires chip design start-up Nuvia for USD 1.4 billion

Wednesday 13 January 2021 | 14:52 CET | News
Qualcomm announced an agreement to acquire chip design start-up Nuvia for USD 1.4 billion. Based in California, Nuvia is developing ARM-based CPUs for data centre applications, promising a more low-power, high-performance product than the dominant chips in the market. The acquisition signals a new step in Qualcomm's efforts to expand beyond the mobile phone market and challenge Intel's lead in the semiconductor market. 

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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