Category: Markets
Published: 2026-06-22T22:19:34.000Z
Qualcomm is reportedly in advanced discussions to acquire AI chip company Modular Inc. for approximately $4 billion, a significant jump from Modular's $1.6 billion valuation just nine months ago. This potential acquisition aligns with Qualcomm's strategy to diversify beyond the volatile smartphone market into areas like data center processors and autonomous vehicle chips. The deal could be announced within weeks, though terms may still change, and Qualcomm is also rumored to be in talks for another AI chip startup, Tenstorrent.
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