Qualcomm Buys Buzzy Chip Startup Modular for Nearly $4 Billion

Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports

Qualcomm acquiring AI startup Modular for $4B (up from $1.6B nine months ago), pivoting to data center and autonomous vehicle chips. Consolidation in AI infrastructure—$8-10B Tenstorrent deal parallel—as incumbents bet compute over declining smartphone markets.