Look out AMD and Intel, there’s a new competitor in town.
Three former semiconductor executives that worked on Apple’s iPhone chips launched a startup earlier this year called Nuvia Inc. that aims to design processors for use in data centers. On Friday, the trio – John Bruno, Manu Gulati and Gerard Williams III – announced they have raised $53 million in funding to help expand their outfit to around 100 employees by the end of the year.
In an interview with Reuters, Williams said this area is ripe for innovation and advancement. Patrick Moorhead, an analyst at Moor Insights & Strategies, believes the company could be on to something.
