Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Image: Qualcomm
Qualcomm said Wednesday it will pay $1.4 billion to buy Nuvia, a chip startup founded by former Apple employees.
Why it matters: The move gives Qualcomm fresh ideas for chip designs as the company faces intense competition from Intel, AMD and others.
Between the lines: Nuvia has a custom core based on ARM, which is in the process of being sold to Nvidia, a Qualcomm rival. Buying Nuvia gives Qualcomm more flexibility to move away from ARM, should it eventually do so for business or technical reasons.
- In its press release, Qualcomm included quotes from a who's who of the phone and computer business announcing their support for the deal, indicating it hopes to use the technology in a wide range of chips.
Details: Qualcomm said founders Gerard Williams III, Manu Gulati and John Bruno will join Qualcomm along with the rest of the company's staff.
- Nuvia, which has roughly 250 employees, has raised $293 million in funding, including a $240 million round last September.
Yes, but: Williams, who is Nuvia's CEO, is in the midst of a legal battle with Apple. Apple sued Williams in December 2019, claiming that he breached his contract with Apple.