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Nuvia, a server chip startup led by a former Apple chip architect, is expected to become part of mobile chipmaker Qualcomm in a $1.4 billion deal announced this … Accelerating successful partnerships with OS providers for next-generation computing devices For more information please visit www.nuviainc.com.Â. About QualcommQualcomm is the world’s leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. The addition of NUVIA CPUs to Qualcomm Technologies’ already leading mobile graphics processing unit (GPU), AI engine, DSP and dedicated multimedia accelerators will further extend the leadership of Qualcomm Snapdragon platforms, and positions Snapdragon as the preferred platform for the future of connected computing. "The addition of NUVIA extends Qualcomm’s capabilities in these three areas and we're excited to see the next generation of Snapdragon with NUVIA. The Nasdaq Stock Market is rising 0.47% to $12,435.40, following yesterday’s upward trend, on what up until now seems, a somewhat positive trend exchanging session today. It's unclear when Apple's in-house modem will be ready to ship. Evan is a senior technology specialist at The Motley Fool. News. Sony:  "We have enjoyed a great collaboration with Qualcomm for many years and are excited to hear the NUVIA team will be joining Qualcomm. We are excited for the future of our partnership as Qualcomm advances and expands its portfolio and capabilities with the addition of NUVIA,” said S.Y. Cristiano Amon, Qualcomm president and CEO-elect, said in a … Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. Prior rumors suggested that the company may look to use its own modem in next year's iPad Pro, but other speculation has pegged 2022 as the year that Apple will make the switch. January 13, 2021 . Find the latest news headlines from QUALCOMM Incorporated Common Stock (QCOM) at Nasdaq.com. Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm has … The Qualcomm earnings news also includes guidance for fiscal Q1 2021. General Motors: “We look forward to NUVIA joining the Qualcomm team as we continue to work together to deliver advanced in-vehicle services and technologies for the customers of our next-generation vehicles,” said Dan Nicholson, VP, Global Electrification, Controls, SW ＆ Electronics at General Motors. Apple was forced to settle its legal complaints with Qualcomm last year in order to secure 5G modems from Qualcomm after Intel failed to deliver a viable component, which is how this year's iPhone 12 models all have 5G support. View today's stock price, news and analysis for Qualcomm Inc. (QCOM). According to a new report, Apple's work on its own in-house modem for future iPhone 5G models is years behind. Market data powered by FactSet and Web Financial Group. Mail ; Finance Home. The Qualcomm truce was the only way forward. ", Samsung: “With NUVIA joining the Qualcomm team, we look forward to continuing to innovate and building incredible experiences together. Apple's chip chief Johny Srouji told employees in an internal town hall meeting that the company had "kicked off the development of our first internal cellular modem" earlier this year, according to the report.  We are excited for the NUVIA team to join Qualcomm and congratulate the company on its commitment to ensure Snapdragon continues to be the industry’s leading mobile platform,” said Florian Seiche CEO, HMD. The company is announcing today that its latest premium mobile chipset is the Snapdragon 888, and it’ll be in Xiaomi’s upcoming Mi 11 flagship. Our partnership with Qualcomm has always been about providing great experiences on our products. Market Stories. That purchase included a team of engineers to jump-start the efforts, according to Srouji. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Qualcomm Stock Fell Today @themotleyfool #stocks $QCOM $AAPL, Worried About a 2021 Stock Market Crash? Honor: “As a new, independent company committed to bringing breakthrough mobile experiences to consumers, we are pleased to see that Qualcomm will acquire NUVIA, enabling them to continue to lead in developing and delivering premium performance Snapdragon mobile platforms to the market,” said Biao Wan, Chairman, Honor Device Co Ltd. HP: "HP and Qualcomm have been strong partners in addressing the needs of our mutual Personal Systems customers, most recently on the Elite Folio, the world’s first pull-forward business convertible, launched at CES," said Alex Cho, president of Personal Systems, HP Inc. "The PC is more essential than ever, and we’re excited to see the industry and Qualcomm invest in innovation to support the needs of the 5G world.”. advertisement. It has QCOM expecting adjusted EPS of $1.95 to $2.15 on revenue of $7.8 billion to … The new Snapdragon 888 5G platform promises faster gaming, photography, and overall performance on Android phones than before. The addition of NUVIA is welcomed as we continue to work with Qualcomm to deliver world class in-vehicle services and experiences,” said Thierry Cammal, Alliance Global Vice President Software Factory. Sharp: “With Qualcomm’s expertise and leading technologies, we have been able to deliver cutting edge devices and premium mobile experiences and we welcome the addition of NUVIA to extend Qualcomm’s leadership and enhance their capabilities,” said Shigeru Kobayashi GM, Sharp Personal Communications Group. Follow. QUALCOMM has been somewhat immune to the crisis with its shares jumping 4.48% to $156.63 at 12:06 EST on Friday, after two successive sessions in a row of losses. Qualcomm Incorporated (NASDAQ: QCOM) today announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire NUVIA for approximately $1.4 billion before working capital and other adjustments. Qualcomm products referenced on this page are products of Qualcomm Technologies, Inc. and/or its subsidiaries. In a bid to boost the horsepower of its mobile silicon, Qualcomm said Tuesday that it plans to buy a Bay Area semiconductor startup Nuvia, founded by key former Apple chip designers, for $1.4 billion. “The NUVIA team are proven innovators, and like Qualcomm, have a strong heritage in creating leading technology and products. Qualcomm has not revealed the upcoming Android phones that will come equipped with its latest technology but given the Covid-19 pandemic where people have to wear masks to avoid contracting masks, fingerprint scanners are more practical.. Samsung Galaxy S21 series may be the first to sport it. “CPU performance leadership will be critical in defining and delivering on the next era of computing innovation,” said Gerard Williams CEO of NUVIA. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. News Break; qualcomm today. The 750G will take its place alongside Qualcomm’s other 5G-capable 700-series SoCs, and given the numbering, it’ll probably be a … News. QUALCOMM TODAY . He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. “The combination of NUVIA and Qualcomm will bring the industry’s best engineering talent, technology and resources together to create a new class of high-performance computing platforms that set the bar for our industry. 305. These Tech Stocks Are Safe, Why Qualcomm Is a Dividend Investor's Dream, Copyright, Trademark and Patent Information. NUVIA CPUs are expected to be integrated across Qualcomm Technologies’ broad portfolio of products, powering flagship smartphones, next-generation laptops, and digital cockpits, as well as Advanced Driver Assistance Systems, extended reality and infrastructure networking solutions. Bloomberg estimates that the Mac maker represents 11% of the mobile chip specialist's top line. Bosch: “The automotive industry is evolving at an unprecedented pace of innovation. NUVIA comprises a proven world-class CPU and technology design team, with industry-leading expertise in high performance processors, Systems on a Chip (SoC) and power management for compute-intensive devices and applications. Qualcomm today announced the Snapdragon 750G, which appears to be the successor to the 730G with a major upgrade: 5G support.  The acquisition of NUVIA will enable Qualcomm to continue to advance Snapdragon’s industry leadership and help Acer to continue to innovate and bring high performance, 5G connected devices to our customers globally,” said  James Lin, General Manager, Notebooks, IT Products Business, Acer Inc. ASUS: “We have had the pleasure of collaborating with Qualcomm for many years to deliver premium smartphones, such as our flagship ROG Phone for gaming, as well as PCs powered by the exceptional performance and connectivity of Snapdragon platforms. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business. As we look to create the advanced capabilities PC users demand, we are excited that the world class CPU development team from NUVIA is joining Qualcomm and we look forward to continuing to work together to deliver breakthrough PC experiences to users across the globe,” said Gianfranco Lanci, President and COO, Lenovo. It is specialized in offering third … Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. Renault: “The automotive industry is the new frontier exploiting the benefits of mobile technology innovations in high performance compute and connectivity and Qualcomm has always been at the forefront. Qualcomm is a strong partner to us. Together, we are very well positioned to redefine computing and enable our ecosystem of partners to drive innovation and deliver a new class of products and experiences for the 5G era.”, “Creating high performance, low-power processors and highly integrated, complex SoCs are part of our DNA,” said Jim Thompson, Chief Technology Officer of Qualcomm. Augmenting its leading technology roadmap to redefine computing performance HIGHLIGHTS. Xiaomi: “Xiaomi and Qualcomm have partnered for over a decade to deliver world class premium mobile experiences to millions of people. Leading CPU talent to join Qualcomm’s best in class innovation culture. The addition of the NUVIA team will enable Qualcomm to continue to consolidate compute and connectivity ECUs into high performance, power efficient platforms to push the boundaries of innovation even further,” Jin-Yong Kim, President of Vehicle components Solutions (VS) Company, LG Electronics Inc. LG Mobile: “Congratulations to Qualcomm and NUVIA for joining forces to create a new breed of platforms that will push the envelope on compute performance and connectivity,” said Morris Lee, President LG Mobile. At CES 2021 today, Qualcomm unveiled a new in-screen fingerprint sensor that it says is 50% faster and 77% larger than its previous technology. HMD: “Qualcomm has always been a best-in-class partner globally and our ongoing collaboration has enabled HMD to bring unique mobile device innovation to the market and deliver on the Nokia brand promise of being trusted, always secure and built to last. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses. Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses. Enabling Samsung and the mobile ecosystem to redefine premium performance for smartphones The new Qualcomm … Qualcomm Technologies, Inc, a subsidiary of Qualcomm Incorporated has entered into a definitive agreement to acquire high-performance computing startup Nuvia.Qualcomm will … View the latest Qualcomm Inc. (QCOM) stock price, news, historical charts, analyst ratings and financial information from WSJ. Search. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The company is focused on building products that blend the best attributes of compute performance, power-efficiency and scalability. References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable. As part of the transaction, NUVIA founders Gerard Williams III, Manu Gulati and John Bruno, and their employees will be joining Qualcomm. Qualcomm videos and latest news articles; GlobalNews.ca your source for the latest news on Qualcomm . The company’s founders and employees are expected to join Qualcomm following completion of the deal by US regulators. Shares of Qualcomm (NASDAQ:QCOM) have fallen today, down by 8% as of 12:05 p.m. EST, following a Bloomberg report that Apple (NASDAQ:AAPL) has officially started to work on its in-house cellular modem. Continental: “Continental looks forward to the addition of NUVIA as we continue to partner with Qualcomm in bringing advanced capabilities to next generation vehicles,” said Peter Popp as head of purchasing, Vehicle Networking and Information, Continental. Get Qualcomm Inc (QCOM:NASDAQ) real-time stock quotes, news and financial information from CNBC. The transaction is subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of … The news was enough to send Skyworks Solutions (NASDAQ:SWKS) and some other Apple-reliant companies lower as well. SlashGear. Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated. View real-time stock prices and stock quotes for a full financial overview. Home. Nothing in these materials is an offer to sell any of the components or devices referenced herein. Pre-order the Samsung Galaxy S21 today! These are the best 5G phones available today See more Computing news OnePlus: “We are excited to hear Qualcomm will be extending their industry leading Snapdragon mobile platform leadership by acquiring the world class CPU team at NUVIA. Qualcomm Incorporated (NASDAQ: QCOM) today announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire NUVIA for approximately $1.4 billion before working capital and other adjustments. Qualcomm’s Latest Flagship Snapdragon 888 5G Mobile Platform to Power the New Samsung Galaxy S21 Series, Qualcomm and NIO Bring Immersive Driving Experiences with Intelligent Cockpit and 5G Technologies to NIO ET7, Qualcomm Announces Cristiano Amon Appointed Chief Executive Officer-Elect.  The addition of NUVIA will extend Qualcomm’s Snapdragon platforms industry leadership helping Xiaomi to continue to bring innovation and next level premium mobile experiences to Mi fans around the world,” said Lei Jun, Chairman and CEO, Xiaomi.Â. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Hadlee Simons. Â, 5G is further accelerating the convergence of mobility and computing. Qualcomm just started selling modem chips to Apple for the iPhone 12 lineup following a bitter two-year legal battle. Qualcomm Incorporated is a wireless technology company. Apple is one of four customers that each contribute at least 10% of Qualcomm's revenue, according to regulatory filings. Qualcomm just snapped up Apple’s chief architect and his CPU startup. The Cupertino tech giant had acquired the remnants of Intel's modem business last year for $1 billion, which was the clearest sign yet of Apple's plans. Qualcomm Inc (NASDAQ:QCOM) traded in a range yesterday that spanned from a low of $144.44 to a high of $146.89. The Company operates through three segments: QCT (Qualcomm CDMA Technologies) segment, QTL (Qualcomm Technology Licensing) segment and QSI (Qualcomm Strategic Initiatives) segment. Buy now! Image source: Getty Images. “Adding NUVIA’s deep understanding of high-performance design and integrating NUVIA CPUs with Snapdragon - together with our industry-leading graphics and AI - will take computing performance to a new level and drive new capabilities for products that serve multiple industries.” Â. Get the latest QUALCOMM Incorporated (QCOM) stock news and headlines to help you in your trading and investing decisions. Clear This Search. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and … News. Qualcomm price target raised to $180 from $175 at KeyBanc 01/05/21 Wells Fargo Wells Fargo sees 'seamless transition' for new Qualcomm CEO 01/05/21 Canaccord Qualcomm price target raised to $180 from $175 at Canaccord. Mail; News; Sports; Finance; Celebrity; Style; Movies; Weather; Answers; Mobile; Yahoo. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. 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