According to the announcement, this strategic move will strengthen Qualcomm's CPU capabilities by integrating Ventana's expertise in RISC-V ISA development and complement Qualcomm's RISC-V and custom Oryon CPU development.

The Ventana Micro Systems, founded in 2018, is a member of the RISC-V International Board of Directors and its Technical Steering Committee, and is described as a company founded "to revolutionize the processor market by offering high-performance, extensible and secure compute chiplets based on RISC-V's open architecture."

"At Qualcomm, we are committed to shaping the future of intelligent computing. We believe the RISC-V instruction set architecture has the potential to advance the frontier on CPU technology, enabling innovation across products. The acquisition of Ventana Micro Systems marks a pivotal step in our journey to deliver industry-leading RISC-V based CPU technology across products," said Durga Malladi, executive vice president and general manager, technology planning, edge solutions and datacenter, Qualcomm Technologies.

"We are excited to join the Qualcomm team and contribute our RISC-V expertise in the development of Qualcomm's leading Oryon CPU technology," said Balaji Baktha, CEO of Ventana Micro Systems. "Qualcomm's acquisition marks an exciting new chapter for our team and we look forward to joining Qualcomm's team to push the boundaries of energy-efficient high-performance for next-generation products and experiences."