The move expands the chipmaker’s AI infrastructure ambitions from edge devices to data centers.
June 24, 2026
Qualcomm said on Wednesday that it is acquiring AI startup Modular, in a deal valued at just under $4 billion.
The acquisition marks a major step in Qualcomm’s effort to strengthen its position in the AI infrastructure market.
Under the deal, Qualcomm will gain access to Modular's AI-native software platform, which enables AI models to run efficiently across a range of hardware architectures without requiring developers to rewrite code for different accelerators.
