Qualcomm is acquiring AI startup Modular for nearly $4 billion in an all-stock deal. This move aims to enhance Qualcomm's software capabilities for running AI models across various chips without custom coding, directly challenging Nvidia's dominant CUDA platform. The acquisition is part of Qualcomm's strategy to expand its presence in the booming data-center market and reduce its dependence on smartphone chip sales.

June 22 : Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing…

A global supplier of smartphone chips, Qualcomm has been working to reduce its reliance on the volatile handset market by branching out into fast-growing areas like data…

Qualcomm is reportedly in advanced discussions to acquire Modular Inc in a transaction that could value the AI company at about $4 billion.

The Qualcomm Modular deal would value the AI-infrastructure software startup at about $4bn, as the chipmaker builds out a challenge to Nvidia.

June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, as the chipmaker looks to diversify beyond its core…

June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips…

June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips…

Modular, one of the most promising chip software startups of the AI era, heads for a multibillion-dollar exit.

Qualcomm acquired AI startup Modular for roughly $4 billion, more than doubling its last valuation, to boost its data center AI software capabilities.

Qualcomm is acquiring AI startup Modular for nearly $4 billion in an all-stock deal. This move aims to enhance Qualcomm's software capabilities for running AI models across…

Qualcomm to Acquire AI Software Firm Modular in $3.9 Billion Stock Deal

Qualcomm is looking to expand its position in the data center market as AI demand skyrockets.

Qualcomm to Acquire AI Software Firm Modular in $3.9 Billion Stock Deal

Qualcomm to Acquire AI Software Firm Modular in $3.9 Billion Stock Deal

June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed "hyperscalers."The San…

June 24 : Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for…

Qualcomm to Acquire AI Platform Developer Modular

Qualcomm shares jump 14% on Modular acquisition, guidance upgrade - SiliconANGLE