Qualcomm is reportedly in advanced discussions to acquire Modular Inc in a transaction that could value the AI company at about $4 billion.
Qualcomm acquiring Modular (~$4B), AI framework enabling cross-platform deployment; Tenstorrent deal ($8-10B) also pending. Vertical integration of chip + AI stack critical for enterprises consolidating fragmented infrastructure vendors and reducing operational complexity.
Qualcomm Inc (NASDAQ:QCOM) is in advanced discussions to acquire Modular Inc in a transaction that could value the artificial intelligence company at about $4 billion, Reuters News reported Monday.
Qualcomm expands AI exposure
An announcement is expected in the coming weeks, the report added, citing Bloomberg.
Modular raised $250 million in a funding round in September that valued the company at $1.6 billion.
Qualcomm and Modular did not immediately respond to Benzinga’s request for comment.
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