Hardware #acquisition#chip startup
Qualcomm Acquires AI Chip Software Startup Modular for Nearly $4 Billion
Qualcomm announced the acquisition of chip startup Modular for nearly $4 billion in stock, including $300 million for employees. The deal brings Modular's software platform that lets AI code run on different chips, and signals Qualcomm's push into data center AI. Modular was founded by Chris Lattner and Tim Davis, and raised $250 million nine months ago.
Jun 24, 2026 1 source