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

Illustration by Alex Castro / The Verge

Qualcomm has just made a splashy acquisition in the chip market that’s sure to shake up the semiconductor industry in substantial fashion. The company Qualcomm is purchasing, 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 the iPhone and iPad. And now, Qualcomm is paying an eye-popping $1.4 billion for the firm, placing a huge bet on the team’s talent and its focus on building next-generation CPUs for use in data centers, mobile, and other devices.

Qualcomm is specifically calling out the growth of 5G as one of the reasons it’s paying such a handsome sum for a company of just a couple hundred employees founded only two years ago. “5G is further…

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Source: theverge
Qualcomm just bought a two-year-old startup founded by former Apple engineers for .4 billion