January 13 - 14:01
Qualcomm to pay $1.4bn for chip startup Nuvia
Qualcomm is buying chip startup Nuvia for $1.4bn. Nuvia has to now focused on data centre CPUs, but Qualcomm plans to use the technology across smart devices and in automotive tech. This is viewed as a move to better compete with Apple and Intel in the mobile chip space, where Qualcomm has lost ground in recent years. Earlier this month Qualcomm announced that Cristiano Amon will be its new CEO.
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