Qualcomm, which creates intellectual property, semiconductors, software, and services related to wireless technology, completed the acquisition of NUVIA, a silicon design company, for $1.4bn. "5G, the convergence of computing and mobile architectures, and the expansion of mobile technologies into other industries are significant opportunities for Qualcomm. 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," Cristiano Amon, Qualcomm President and CEO-Elect.