SynopsisThe talks were ongoing and the ​price could change, or the discussions could fall ​apart, according to the report. It was not clear if the price will ​include performance-based milestone payments, a ⁠structure used ‌in the past to ​buy chip ​startups, the Information added.Qualcomm is in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, The Information reported on Monday citing a person with knowledge of the deal.Shares of Qualcomm ‌fell about ⁠1% ⁠in extended trading.The talks were ongoing and the ​price could change, or the discussions could fall ​apart, according to the report. It was not clear if the price will ​include performance-based milestone payments, a ⁠structure used ‌in the past to ​buy chip ​startups, the Information added.Qualcomm and ⁠Tenstorrent did not immediately respond to ​Reuters' requests for comment. Reuters could ​not independently verify the report.One of the world's largest suppliers of smartphone chips, Qualcomm has increasingly sought to reduce its dependence on the cyclical handset ‌market by expanding into high-growth segments such as data center processors ​and autonomous ​vehicle chips.Founded ⁠in 2016, Tenstorrent is headed by Jim Keller, a former Apple chip designer who also oversaw Tesla's efforts to design a chip for autonomous driving.The startup develops accelerators for training AI models and running AI applications. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now