Items tagged with nuvia

Qualcomm, a behemoth in the mobile chip market (namely due to its Snapdragon silicon), announced on Wednesday that it has entered into a definitive agreement to acquire NUVIA for about $1.4 billion, before factoring in working capital and other adjustments. The purchase, if it clears regulatory hurdles, provides an inroad for Qualcomm to make another spirited run at the server market (if it chooses to go that route). But that's not all. In announcing the deal, Qualcomm kept any plans in the server space close to the vest, and instead focused on what this transaction means for its efforts in 5G communications and mobile SoCs in the consumer space. "5G, the convergence of computing and mobile architectures,... Read more...
It is fair to say that the CPU market has been highly influenced by tech giants such as AMD, Intel, and others over the last few decades. Could one up and coming company help to shake up this market? NUVIA recently raised $240 million USD in their second round of funding. The company is actively working on creating their own CPUs and SoCs. NUVIA Inc. was founded in February 2019, and it was able to raise $53 million USD during its first round of funding in November of that year. Shortly afterwards they were able to open offices in Austin, Texas, and Toronto, Ontario. The most recent round of funding witnessed the participation of multiple capital and investment groups, but was led by Mithril... Read more...