I want to attach an arduino nano board to a LS20126 GPS receiver, which uses serial. As far as I can tell the serial out pins on the arduino are attached to a USB chip, does this mean I will be unable to use them to connect to the GPS receiver as well?
does this mean I will be unable to use them to connect to the GPS receiver as well?
That depends on what you mean by "as well". You can't use the serial pins to talk to the GPS AND the PC at the same time. You can talk to either one using the TX/RX pins, but not both.