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Qualcomm Incorporated announced that its subsidiary, Qualcomm Technologies, Inc., has completed its acquisition of the world-class CPU and technology design company, NUVIA for $1.4 billion before working capital and other adjustments.

Qualcomm Technologies’ expects to integrate next generation CPUs across a wide portfolio of products, including flagship smartphones, laptops, and digital cockpits, as well as Advanced Driver Assistance Systems, extended reality, and infrastructure networking solutions. The first Qualcomm Snapdragon platforms to feature Qualcomm’s new internally designed CPUs are expected to sample in the second half of 2022 and will be designed for high performance ultraportable laptops, according to the statement.

Commenting on the developments, Cristiano Amon, President and CEO-Elect, Qualcomm Incorporated said, “The world-class NUVIA team enhances our CPU roadmap, extending Qualcomm’s leading technology position with the Windows, Android and Chrome ecosystems. The broad support of this acquisition from across industries validates the opportunity we have to provide differentiated products with leading CPU performance and power efficiency, as on-demand computing increases in the 5G era.”

Meanwhile, Gerard Williams former CEO of NUVIA, who now SVP of Engineering at Qualcomm Technologies said, “We are excited to join the leading wireless innovator in the industry, driven by a common mission of inventing breakthrough technologies. Together, we will create a new class of high-performance computing platforms that set the bar for the industry.”

The ripple effects of US-China trade wars and Covid19 pandemic have created a shortage in the global chipset market, resulting in huge demand for Qualcomm made chips. The chip manufacturer is reportedly finding it difficult to cater to this surging demand due to a shortage of certain subcomponents within its chips.

Qualcomm is reportedly the only chipset vendor with 5G system level solutions in both sub-6 and millimeter wave bands and one of the largest RF (radio frequency) front end suppliers with design wins across all premium-tier smartphone customers. It is one of the largest manufacturers of wireless chipset based on baseband technology. The company is focusing to retain its leadership in 5G, chipset market and mobile connectivity with several technological achievements and innovative product launches.

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