Qualcomm is buying Modular for $4 billion to take on Nvidia where it actually counts

Category: Markets

Published: 2026-06-22T22:21:45.000Z

Qualcomm is reportedly in advanced talks to acquire AI inference and compiler startup Modular Inc. for $4 billion. This acquisition aims to bolster Qualcomm's data center chip ambitions by providing a crucial software stack, including the MAX inference framework and Mojo programming language, to challenge Nvidia's dominance in AI infrastructure. The deal would be announced ahead of Qualcomm's Investor Day, demonstrating its commitment to expanding beyond mobile chips into the data center market by addressing the software challenges faced by developers.

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