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Qualcomm to Acquire Chipmaker Startup for $1.4 Billion

By
Malique Morris
· · Source: The Wall Street Journal

Qualcomm is planning to acquire chipmaker startup Nuvia, the Wall Street Journal reported. The acquisition, valued at $1.4 billion, is the latest venture in the semiconductor company’s efforts to enhance its 5G technology. Nuvia, which was founded in 2019 by former Apple engineers and raised $240 million last September, designs central processing units for computer servers, which Qualcomm is...

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