SAN DIEGO, Jan. 13, 2021 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) today announced that its subsidiary,
Qualcomm Technologies, Inc., has entered into a definitive
agreement to acquire NUVIA for approximately $1.4 billion before working capital and other
adjustments. The transaction is subject to customary closing
conditions, including regulatory approval under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended.
5G is further accelerating the convergence of mobility and
computing. The acquisition of NUVIA builds on Qualcomm
Technologies' Snapdragon technology leadership, delivering
step-function improvements in CPU performance and power efficiency
to meet the demands of next-generation 5G computing.
NUVIA comprises a proven world-class CPU and technology
design team, with industry-leading expertise in high performance
processors, Systems on a Chip (SoC) and power management for
compute-intensive devices and applications. The addition of
NUVIA CPUs to Qualcomm Technologies' already leading mobile
graphics processing unit (GPU), AI engine, DSP and dedicated
multimedia accelerators will further extend the leadership of
Qualcomm Snapdragon platforms, and positions Snapdragon as
the preferred platform for the future of connected
computing.
NUVIA CPUs are expected to be integrated across Qualcomm
Technologies' broad portfolio of products, powering flagship
smartphones, next-generation laptops, and digital cockpits, as well
as Advanced Driver Assistance Systems, extended reality and
infrastructure networking solutions.
"5G, the convergence of computing and mobile architectures, and
the expansion of mobile technologies into other industries are
significant opportunities for Qualcomm," said Cristiano Amon, President and CEO-Elect,
Qualcomm Incorporated. "The NUVIA team are proven innovators,
and like Qualcomm, have a strong heritage in creating leading
technology and products. I am very excited to have them join our
team. Together, we are very well positioned to redefine computing
and enable our ecosystem of partners to drive innovation and
deliver a new class of products and experiences for the 5G
era."
"Creating high performance, low-power processors and highly
integrated, complex SoCs are part of our DNA," said Jim Thompson, Chief Technology Officer of
Qualcomm. "Adding NUVIA's deep understanding of
high-performance design and integrating NUVIA CPUs with
Snapdragon - together with our industry-leading graphics and AI
- will take computing performance to a new level and drive new
capabilities for products that serve multiple industries."
As part of the transaction, NUVIA founders Gerard Williams III, Manu Gulati and John
Bruno, and their employees will be joining Qualcomm.
"CPU performance leadership will be critical in defining and
delivering on the next era of computing innovation," said Gerard
Williams CEO of NUVIA. "The combination of NUVIA and Qualcomm
will bring the industry's best engineering talent, technology and
resources together to create a new class of high-performance
computing platforms that set the bar for our industry. We couldn't
be more excited for the opportunities ahead."
Qualcomm's broad ecosystem of partners have voiced strong
support for this acquisition:
Microsoft: "It's exciting to see NUVIA join the Qualcomm team.
Our partnership with Qualcomm has always been about providing great
experiences on our products. Moving forward, we have an incredible
opportunity to empower our customers across the Windows ecosystem,"
said Panos Panay, Chief Product
Officer, Microsoft.
Google: "Compute performance, connectivity and power efficiency
are critical ingredients that make the billions of Android and
Chrome OS devices shine," said Hiroshi
Lockheimer, SVP Platforms & Ecosystems, Google. "The
addition of NUVIA extends Qualcomm's capabilities in these
three areas and we're excited to see the next generation of
Snapdragon with NUVIA."
Samsung: "With NUVIA joining the Qualcomm team, we look
forward to continuing to innovate and building incredible
experiences together. Qualcomm's commitment to platform technology
will help us offer the premium smartphone performance to our users
around the world," said TM Roh, President and Head of Mobile
Communications Business, Samsung Electronics.
Acer: "Together with Qualcomm we have delivered a new generation
of thin and light always connected PCs and Chromebooks. The
acquisition of NUVIA will enable Qualcomm to continue to advance
Snapdragon's industry leadership and help Acer to continue to
innovate and bring high performance, 5G connected devices to our
customers globally," said James Lin, General Manager,
Notebooks, IT Products Business, Acer Inc.
ASUS: "We have had the pleasure of collaborating with Qualcomm
for many years to deliver premium smartphones, such as our flagship
ROG Phone for gaming, as well as PCs powered by the exceptional
performance and connectivity of Snapdragon platforms. We are
excited for the future of our partnership as Qualcomm advances and
expands its portfolio and capabilities with the addition of NUVIA,"
said S.Y. Hsu, co-CEO of ASUS.
Bosch: "The automotive industry is evolving at an unprecedented
pace of innovation. Bosch considers the adoption of new in-vehicle
services and capabilities as one major driver for growth. Qualcomm
is a strong partner to us. We see the need for high performance,
power efficient platforms and appreciate Qualcomm's ambition to
push the boundaries of innovation even further," said Dr.
Andree Zahir, SVP for Infotainment
and Connectivity, Bosch.
Continental: "Continental looks forward to the addition of
NUVIA as we continue to partner with Qualcomm in bringing
advanced capabilities to next generation vehicles," said
Peter Popp as head of purchasing,
Vehicle Networking and Information, Continental.
General Motors: "We look forward to NUVIA joining the Qualcomm
team as we continue to work together to deliver advanced in-vehicle
services and technologies for the customers of our next-generation
vehicles," said Dan Nicholson, VP,
Global Electrification, Controls, SW & Electronics at
General Motors.
HMD: "Qualcomm has always been a best-in-class partner globally
and our ongoing collaboration has enabled HMD to bring unique
mobile device innovation to the market and deliver on the Nokia
brand promise of being trusted, always secure and built to last.
We are excited for the NUVIA team to join Qualcomm and
congratulate the company on its commitment to ensure Snapdragon
continues to be the industry's leading mobile platform," said
Florian Seiche CEO, HMD.
Honor: "As a new, independent company committed to bringing
breakthrough mobile experiences to consumers, we are pleased to see
that Qualcomm will acquire NUVIA, enabling them to continue to
lead in developing and delivering premium performance Snapdragon
mobile platforms to the market," said Biao
Wan, Chairman, Honor Device Co Ltd.
HP: "HP and Qualcomm have been strong partners in addressing the
needs of our mutual Personal Systems customers, most recently on
the Elite Folio, the world's first pull-forward business
convertible, launched at CES," said Alex
Cho, president of Personal Systems, HP Inc. "The PC is more
essential than ever, and we're excited to see the industry and
Qualcomm invest in innovation to support the needs of the 5G
world."
Lenovo: "With Qualcomm we delivered the world's first 5G
connected PC. As we look to create the advanced capabilities PC
users demand, we are excited that the world class CPU development
team from NUVIA is joining Qualcomm and we look forward to
continuing to work together to deliver breakthrough PC experiences
to users across the globe," said Gianfranco
Lanci, President and COO, Lenovo.
LG Electronics: "The automotive industry is evolving at an
accelerated pace of innovation driven by the adoption of new
in-vehicle services and capabilities powered by technology partners
like Qualcomm. The addition of the NUVIA team will enable
Qualcomm to continue to consolidate compute and connectivity ECUs
into high performance, power efficient platforms to push the
boundaries of innovation even further," Jin-Yong Kim,
President of Vehicle components Solutions (VS) Company, LG
Electronics Inc.
LG Mobile: "Congratulations to
Qualcomm and NUVIA for joining forces to create a new breed of
platforms that will push the envelope on compute performance and
connectivity," said Morris Lee,
President LG Mobile.
OnePlus: "We are excited to hear Qualcomm will be extending
their industry leading Snapdragon mobile platform leadership by
acquiring the world class CPU team at NUVIA. OnePlus fans will also
be excited to see what innovation and new premium experiences we
can deliver on new flagship One Plus devices powered by future
generations of Snapdragon mobile platforms," said Pete Lau, Founder and CEO, OnePlus.
OPPO: "With NUVIA joining the Qualcomm team, we look forward to
continue innovating together and building incredible devices
powered by the Snapdragon mobile platforms. Qualcomm's commitment
to platform leadership will enable us to deliver innovative new
products and experiences for OPPO smartphone users around the
world," said Tony Chen, Founder and
CEO, OPPO.
Panasonic: "Innovation in the automotive market is occurring at
an accelerated pace. We welcome the addition of the world class
NUVIA team to Qualcomm and look forward to the continued
partnership," said Masashige Mizuyama, Chief Technology Officer,
Automotive Company, Panasonic Corporation
Renault: "The automotive industry is the new frontier
exploiting the benefits of mobile technology innovations in high
performance compute and connectivity and Qualcomm has always been
at the forefront. The addition of NUVIA is welcomed as we
continue to work with Qualcomm to deliver world class in-vehicle
services and experiences," said Thierry Cammal, Alliance Global
Vice President Software Factory.
Sharp: "With Qualcomm's expertise and leading technologies, we
have been able to deliver cutting edge devices and premium mobile
experiences and we welcome the addition of NUVIA to extend
Qualcomm's leadership and enhance their capabilities,"
said Shigeru Kobayashi GM, Sharp Personal Communications
Group.
Sony: "We have enjoyed a great collaboration with Qualcomm
for many years and are excited to hear the NUVIA team will be
joining Qualcomm. As a leader in delivering amazing camera
and gaming experiences on mobile devices we understand that to
continue to lead will require the next generation high performance
& low power computing and connectivity solutions that only
Snapdragon platforms can deliver," said Mitsuya Kishida President, Sony Mobile
Communications Inc.
VIVO: "Qualcomm's Snapdragon platforms power millions of VIVO
phones across the globe today, and the addition of NUVIA will
help Qualcomm continue to lead, delivering the ultimate in high
performance compute, lightning fast 5G connectivity and industry
leading power efficiency," said Shen
Wei, CEO, VIVO.
Xiaomi: "Xiaomi and Qualcomm have partnered for over a
decade to deliver world class premium mobile experiences to
millions of people. The addition of NUVIA will extend
Qualcomm's Snapdragon platforms industry leadership helping Xiaomi
to continue to bring innovation and next level premium mobile
experiences to Mi fans around the world," said Lei Jun, Chairman
and CEO, Xiaomi.
About Qualcomm
Qualcomm is the world's leading wireless technology innovator
and the driving force behind the development, launch, and expansion
of 5G. When we connected the phone to the internet, the mobile
revolution was born. Today, our foundational technologies enable
the mobile ecosystem and are found in every 3G, 4G and
5G smartphone. We bring the benefits of mobile
to new industries, including automotive, the internet of
things, and computing, and are leading the way to a world where
everything and everyone can communicate and interact
seamlessly.
Qualcomm Incorporated includes our licensing business, QTL, and
the vast majority of our patent portfolio. Qualcomm Technologies,
Inc., a subsidiary of Qualcomm Incorporated, operates, along with
its subsidiaries, substantially all of our engineering,
research and development functions, and substantially all
of our products and services businesses, including our QCT
semiconductor business.
About NUVIA Inc.
Headquartered in Santa Clara,
NUVIA was founded on the promise of reimagining silicon design
for high-performance computing environments. The company is focused
on building products that blend the best attributes of compute
performance, power-efficiency and scalability. For more
information please visit www.nuviainc.com.
Qualcomm and Snapdragon are trademarks or registered
trademarks of Qualcomm Incorporated.
Qualcomm Snapdragon is a product of Qualcomm Technologies,
Inc. and/or its subsidiaries.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
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SOURCE Qualcomm Incorporated