Qualcomm Buys CPU Developer Nuvia for $1.4B

Qualcomm agreed to buy CPU supplier Nuvia for $1.4 billion, said the chipmaker Wednesday. Qualcomm expects to embed Nuvia CPUs across its “broad portfolio,” including Snapdragon processors for smartphones. “5G, the convergence of computing and mobile architectures, and the expansion of mobile technologies into other industries are significant opportunities for Qualcomm,” said President Cristiano Amon, who succeeds Steve Mollenkopf as CEO June 30. The combined companies are “very well positioned to redefine computing and enable our ecosystem of partners to drive innovation and deliver a new class of products and experiences for the 5G era,” Amon said.