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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.

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.

Go deeper

Ina Fried, author of Login
Jan 14, 2021 - Technology

Legacy chipmakers Intel and Qualcomm seek to seize back control

Illustration: Aïda Amer/Axios

Although most eyes were on the impeachment and other Washington goings-on, Wednesday was a big day for the chip industry, which produced a 10-figure deal and a major leadership shakeup.

The big picture: Legacy chip players Intel and Qualcomm have watched other companies eat into the business lines that got them where they are. They're now seeking to seize control of their own fates.

Ina Fried, author of Login
Jan 13, 2021 - Technology

Intel names former exec Pat Gelsinger as new CEO

Gelsinger. Photo: Intel

Intel said Wednesday that VMware CEO Pat Gelsinger will return to the chipmaker as CEO, with current chief Bob Swan stepping down as of Feb. 15.

Why it matters: Intel faces a host of challenges from manufacturing issues to competition from rival AMD to Apple's move to use homegrown chips in the Mac.

Updated 38 mins ago - Energy & Environment

Ransomware attack forces shutdown of major U.S. fuel pipeline

A police officer stands guard inside the gate to the Colonial Pipeline Co. Pelham junction and tank farm in Pelham, Alabama, in 2016. Photo: Luke Sharrett/Bloomberg via Getty Images

A major U.S. fuel pipeline running from Texas to New York has been taken offline by its operator because of a ransomware attack, Colonial Pipeline said Saturday.

Why it matters: It's a significant breach of critical infrastructure and comes on the heels of multiple other major cyberattacks on both U.S. companies and the federal government.