Why Jim Cramer Says Marvell, Not Qualcomm, Is 5G Stock to Watch
Qualcomm (QCOM) - Get Qualcomm Inc Report announced the acquisition of chip start-up Nuvia for about $1.4 billion.
The company said the acquisition "will further extend the leadership of Qualcomm Snapdragon platforms, and positions Snapdragon as the preferred platform for the future of connected computing."
Cristiano Amon, Qualcomm president and CEO-Elect, said in a statement that "5G, the convergence of computing and mobile architectures, and the expansion of mobile technologies into other industries are significant opportunities for Qualcomm."
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