Qualcomm to Acquire Chip Startup Nuvia, Founded by Ex-Apple Chip Designers, for $1.4 Billion

Qualcomm has reached an agreement to acquire Nuvia, a chip startup company founded by former Apple chip designers, for $1.4 billion, in an effort to compete with Apple and Intel (via Reuters).Nuvia was founded by three former Apple chip designers that worked on the A-series chips for the iPhone. Among Nuvia's key projects is a custom CPU core design set to be used in servers, but Qualcomm is reportedly planning a broad use of Nuvia's processors in flagship smartphones and laptops, as well as veh