In an official press release earlier today, Qualcomm announced that it has now finalized the acquisition of NUVIA. This announcement comes several weeks after Qualcomm had agreed to pay $1.4 billion as part of the deal back in January.
Thanks to the new acquisition, Qualcomm expects to integrate next-gen CPUs across its portfolio of products such as smartphones, laptops, digital cockpits, Advanced Driver Assistance Systems, extended reality, and infrastructure networking solutions. However, the company noted that we will still have to wait a while as the company expects to use NUVIA’s expertise for the CPUs designed for high-performance ultraportable laptops that are still over a year away.
Talking about the deal, Amon, President and CEO-Elect at Qualcomm Incorporated, said, “The world-class NUVIA team enhances our CPU roadmap, extending Qualcomm’s leading technology position with the Windows, Android and Chrome ecosystems. The broad support of this acquisition from across industries validates the opportunity we have to provide differentiated products with leading CPU performance and power efficiency, as on-demand computing increases in the 5G era.”
NUVIA’s three co-founders Gerard Williams III, Manu Gulati, and John Bruno, as well as their employees at NUVIA will all be joining Qualcomm as employees.