Qualcomm Completes Acquisition of NUVIA

Rhea-AI Summary

Qualcomm has successfully acquired NUVIA for $1.4 billion, enhancing its CPU roadmap to strengthen its technology leadership within the Windows, Android, and Chrome ecosystems. The acquisition aims to integrate next-gen CPUs across various products, including smartphones, laptops, and advanced driver assistance systems. The first Snapdragon platforms featuring these new CPUs are expected to sample in late 2022. This strategic move positions Qualcomm to capitalize on the growing demand for high-performance computing in the 5G era.

Positive

• Acquisition of NUVIA enhances Qualcomm's CPU roadmap.
• Strategic investment of $1.4 billion increases technological capabilities.
• Expected integration of new CPUs across multiple product lines, improving market position.
• First Snapdragon platforms to feature new CPUs set for sampling in H2 2022, enhancing product offerings.

Negative

• None.

SAN DIEGO, March 16, 2021 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that its subsidiary, Qualcomm Technologies, Inc., has completed its acquisition of the world-class CPU and technology design company, NUVIA for $1.4 billion before working capital and other adjustments.

"The world-class NUVIA team enhances our CPU roadmap, extending Qualcomm's leading technology position with the Windows, Android and Chrome ecosystems," said Cristiano Amon, President and CEO-Elect, Qualcomm Incorporated. "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."

Qualcomm Technologies expects to integrate next generation CPUs across a wide portfolio of products, including powering flagship smartphones, laptops, and digital cockpits, as well as Advanced Driver Assistance Systems, extended reality, and infrastructure networking solutions. The first Qualcomm® Snapdragon™ platforms to feature Qualcomm Technologies' new internally designed CPUs are expected to sample in the second half of 2022 and will be designed for high performance ultraportable laptops.  

"We are excited to join the leading wireless innovator in the industry, driven by a common mission of inventing breakthrough technologies. Together, we will create a new class of high-performance computing platforms that set the bar for the industry," said Gerard Williams former CEO of NUVIA, who now is SVP of Engineering at Qualcomm Technologies.

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.

Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Contacts:
Pete Lancia, Corporate Communications
Phone:  1-858-845-5959
Email:  corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com

View original content:http://www.prnewswire.com/news-releases/qualcomm-completes-acquisition-of-nuvia-301248379.html

SOURCE Qualcomm Incorporated

FAQ

What was the acquisition cost of NUVIA by Qualcomm?

Qualcomm acquired NUVIA for $1.4 billion.

What impact will the NUVIA acquisition have on Qualcomm's products?

The acquisition will enhance Qualcomm's CPU roadmap and integrate new CPUs across smartphones, laptops, and other technologies.

When can we expect the first Snapdragon platforms featuring NUVIA's CPUs?

The first Snapdragon platforms are expected to sample in the second half of 2022.

How does the NUVIA acquisition affect Qualcomm's position in the 5G market?

It strengthens Qualcomm's technology leadership in the 5G era by providing differentiated products with leading CPU performance.

What are the strategic implications of Qualcomm acquiring NUVIA?

The acquisition is expected to create high-performance computing platforms, expanding Qualcomm's portfolio and competitive edge.