Qualcomm Inc. announced Wednesday morning that it plans to purchase Nuvia, a computing-design company, for $1.4 billion.
The company expects to leverage Nuvia technology to strengthen its 5G offerings. Qualcomm
said in a release that Nuvia has “industry-leading expertise in high performance processors, systems on a chip (SoC) and power management for compute-intensive devices and applications.”
Shares of Qualcomm were off 0.3% in premarket trading Wednesday.
Qualcomm anticipates that it will integrate central processing units (CPUs) from Nuvia into a broad range of products, including those powering smartphones, laptops, digital cockpits, and advanced driver-assistance systems.
“Adding NUVIA’s deep