Qualcomm Technologies has entered into a definitive agreement to acquire Nuvia for approximately $1.4 billion before working capital and other adjustments.

As part of the transaction, Nuvia founders Gerard Williams III, Manu Gulati and John Bruno, and their employees will be joining Qualcomm.

According to the company, the acquisition builds on Qualcomm Technologies’ Snapdragon technology leadership, delivering step-function improvements in CPU performance and power efficiency to meet the demands of next-generation 5G computing.

The addition of Nuvia CPUs to Qualcomm Technologies’ mobile graphics processing unit (GPU), AI engine, DSP and dedicated multimedia accelerators will further extend the leadership of Qualcomm Snapdragon platforms, and position Snapdragon as the preferred platform for the future of connected computing, the company added.

Nuvia CPUs are expected to be integrated across Qualcomm Technologies’ broad portfolio of products, powering smartphones, next-generation laptops, and digital cockpits, as well as Advanced Driver Assistance Systems, extended reality and infrastructure networking solutions.

The transaction is subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.