Qualcomm just bought a two-year-old startup founded by former Apple engineers for $1.4 billion
Qualcomm has just made a splashy acquisition in the chip market that’s sure to shake up the semiconductor industry in a 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 just two years ago. “5G is further…