Nuvia raises $240 million to design Arm-based CPUs for datacenters Dean Takahashi

Chip startup Nuvia has raised $240 million to design Arm-based processors for datacenters in a bid to balance energy efficiency and high performance.

The funding is huge for a company that was formed just 18 months ago, but it’s a sign of how big a bet Nuvia is making as it challenges rivals in the datacenter. Incumbents include Intel and Advanced Micro Devices, not to mention other startups working with Arm-based central processing units (CPUs). Nuvia is nevertheless ready to stir up the market for Arm-based chips, which have attracted a lot of attention in the past week after Nvidia decided to buy Arm for $40 billion.

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