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Qualcomm eyes challenge to Apple, Intel with $1.4 billion deal for chip startup
( go to the article → https://datafloq.com/read/qualcomm-eyes-challenge-apple-intel-14-billion-deal-chip-startup/11749 )
By Stephen Nellis (Reuters) - Qualcomm Inc on Wednesday said it will acquire Nuvia Inc, a chip startup founded by Apple Inc veterans, for $1.4 billion, with plans to put the firm's technology into its smartphone, laptop and automotive processors. The deal marks a big push by Qualcomm to reestablish a leading position in chip performance after several years of high-profile patent licensing litigation with rival Apple and regulatory authorities. It also comes amid a change in the helm with Qualcomm announcing this month that Cristiano Amon, its current president and head of its silicon division, will replace outgoing CEO Steven Mollenkopf, effective June 30. Founded by three of Apple's former top semiconductor executives in charge of iPhone chips, Nuvia has been working on a custom CPU core design ...Read More on Datafloq
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