Qualcomm simply purchased a two-year-old startup based by former Apple engineers for $1.four billion


Illustration by Alex Castro / The Verge

Qualcomm has simply made a splashy acquisition within the chip market that’s positive to shake up the semiconductor business in a considerable vogue. The corporate Qualcomm is buying, Nuvia, was shaped 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.four billion for the agency, putting an enormous guess on the crew’s expertise and its concentrate on constructing next-generation CPUs to be used in information facilities, cellular, and different gadgets.

Qualcomm is particularly calling out the expansion of 5G as one of many causes it’s paying such a good-looking sum for a corporation of only a couple hundred workers based simply two years in the past. “5G is additional…

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