Qualcomm just bought a two-year startup founded by former Apple engineers for $ 1.4 billion

Qualcomm has just made a big takeover in the chip market that is sure to rock the semiconductor industry substantially. The company Qualcomm is buying, Nuvia, was formed in 2019 by three former engineers and chip specialists, all of whom worked at Apple on the A-series chip line that powers iPhones and iPads. And now, Qualcomm is paying a whopping $ 1.4 billion for the company, betting huge on the team’s talent and its focus on creating next-generation CPUs for use in data centers, mobile devices, and other devices.

Qualcomm is specifically calling the growth of 5G as one of the reasons it is paying such a handsome sum for a company of just two hundred employees founded just two years ago. “5G is further accelerating the convergence between mobility and informationon technology. The Nuvia acquisition builds on Qualcomm Technologies’ Snapdragon technology leadership, delivering gradual feature enhancements in CPU performance and power efficiency to meet the …

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  • According to this source Qualcomm just bought a two-year startup founded by former Apple engineers for $ 1.4 billion
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