Qualcomm purchased chipmaker Nuvia in 2021 for $1.4 billion. Now, it's been revealed that Qualcomm CEO Christiano Amon was a driving force in convincing the Qualcomm board to make the purchase, arguing that the move could save the tech giant as much as $1.4 billion per year. That claim came from the ongoing Arm vs. Qualcomm trial, which centers around Qualcomm's Snapdragon X Elite and Snapdragon X processors.
Court documents first reported on by Reuters show Qualcomm's leaders believed the company could save $1.4 billion in Arm fees annually by purchasing Nuvia. "It justified the acquisition," said Amon of the potential savings.
