On January 13, Qualcomm announced that its subsidiary, Qualcomm technologies, had signed a final agreement to acquire nuvia for about US $1.4 billion (before changes in working capital and other adjustments). The final closing of the transaction follows industry practice, including regulatory approval in accordance with the revised Hart Scott rodino antitrust Improvement Act (1976).

5g is further accelerating the convergence of mobile connectivity and computing. With the leading snapdragon technology, the acquisition of nuvia will further improve its CPU performance and energy efficiency to meet the next generation 5g computing needs.

Nuvia has a proven world-class CPU and technology design team specializing in industry-leading high-performance processors, system on chip SOC and power management for compute intensive terminals and applications. Nuvia CPU, combined with the leading mobile graphics processing unit (GPU), AI engine, DSP and dedicated multimedia accelerator of Qualcomm technologies, will further consolidate the leading position of Qualcomm snapdragon platform and make snapdragon the preferred platform for future networked computing.

Nuvia CPU is expected to be integrated into a broad portfolio of Qualcomm Technologies products, enabling flagship smartphones, next-generation laptops, digital cockpit and advanced driver assistance systems, augmented reality and infrastructure network solutions.

As part of the deal, nuvia founders Gerard Williams III, Manu Gulati and John Bruno and their employees will join Qualcomm.

Many of Qualcomm's ecosystem partners expressed strong support for the acquisition: