QCOM - Qualcomm Technologies to Buy NUVIA for $1.4B

Qualcomm's (QCOM) subsidiary, Qualcomm Technologies, has entered into a definitive agreement to acquire NUVIA for ~$1.4B before working capital and other adjustments.NUVIA is a two-year-old startup run by former Apple chip executives.The acquisition of NUVIA builds on Qualcomm Technologies' Snapdragon technology leadership, delivering step-function improvements in CPU performance and power efficiency to meet the demands of next-generation 5G computing.As part of the transaction, NUVIA founders Gerard Williams III, Manu Gulati, and John Bruno, and their employees will be joining Qualcomm.Press Release

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Qualcomm Technologies to Buy NUVIA for $1.4B