Startup run by ex-Apple engineers sells for $1.4bn

Qualcomm bets big on Nuvia despite the startup's ongoing legal dispute with Apple

The inside of an iPhone and the chips that power it

A startup founded by three former Apple chip specialists has been brought by Qualcomm for $1.4 billion (£1.2bn).

The lofty acquisition fee for California-based Nuvia is seen as excessive as the startup was only founded two years ago and has just over 200 employees.

The company is owned and run by former Apple engineers Gerard Williams, Manu Gulati and John Bruno, all of whom worked on the A-series chip line that powers the iPhone and iPad. Each of the founders will now join Qualcomm, which expects to integrate the company's chips into its own portfolio.

Qualcomm has specifically cited 5G as the reason for paying such a high price for a relatively small firm. The company is betting big on its 'talent' and its focus on next-generation CPUs for data centres and mobile devices.

"5G, the convergence of computing and mobile architectures, and the expansion of mobile technologies into other industries are significant opportunities for Qualcomm," the firm's president and CEO, Cristiano Amon, said.

Related Resource

Automating accounts receivable

How to optimise cash and collections in uncertain times

How to optimise cash and collections in uncertain times - whitepaper from HighRadiusDownload now

"The NUVIA team are proven innovators, and like Qualcomm, have a strong heritage in creating leading technology and products. I am very excited to have them join our team. 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."

The inception of Nuvia is still subject to a legal dispute between Apple and Williams, who is accused of starting the company while still employed by the iPhone maker. Williams had a countersuit objecting to the claim, but that was rejected by a California court. Williams has also claimed that Apple has tried to headhunt Nuvia employees as part of an anti-competitive campaign against him.

Despite the legal battle, Williams has scored big and will now work with a number of Qualcomm's partners. These include Microsoft, Samsung, Acer, Lenovo, HP, and OnePlus.

Featured Resources

How to be an MSP: Seven steps to success

Building your business from the ground up

Download now

The smart buyer’s guide to flash

Find out whether flash storage is right for your business

Download now

How MSPs build outperforming sales teams

The definitive guide to sales

Download now

The business guide to ransomware

Everything you need to know to keep your company afloat

Download now

Most Popular

KPMG offers staff 'four-day fortnight' in hybrid work plans
flexible working

KPMG offers staff 'four-day fortnight' in hybrid work plans

6 May 2021
16 ways to speed up your laptop
Laptops

16 ways to speed up your laptop

29 Apr 2021
How to move Windows 10 from your old hard drive to SSD
operating systems

How to move Windows 10 from your old hard drive to SSD

30 Apr 2021