Multiple outlets report that Qualcomm is in advanced talks to acquire Modular Inc., an AI infrastructure software startup, in a deal valued at roughly $4 billion. Bloomberg reports the talks are at an advanced stage, citing people familiar with the matter, with the transaction valuing Modular at about $4 billion. Channel NewsAsia similarly reports Qualcomm will buy Modular for about $4 billion, framing the move as part of the company’s push in AI software and data centers. The Wall Street Journal and Bloomberg Markets add that the acquisition is likely structured as a stock deal valued at about $3.9 billion. Seeking Alpha also describes the transaction as an approximately $3.9–$4 billion acquisition that extends Qualcomm’s AI infrastructure presence, while Yahoo Finance characterizes it as a boost to Qualcomm’s AI roadmap. The Next Web likewise reports a deal near $4 billion and notes the strategic motivation to strengthen Qualcomm’s competitiveness in AI infrastructure. Across coverage, sources agree on the target company (Modular), the timing context (advanced/near talks), and the approximate deal size (about $3.9–$4 billion).
Qualcomm nears acquisition of AI software startup Modular valued around $4 billion
Multiple outlets report that Qualcomm is in advanced talks to acquire Modular Inc., an AI infrastructure software startup, in a deal valued at roughly $4 billion. Bloomberg reports the talks are at an...
- Qualcomm is in advanced talks to acquire AI infrastructure software startup Modular Inc.
- The reported deal value is about $3.9 billion to $4 billion.
- Bloomberg reports talks are near an agreement, according to people familiar with the matter.
- The Wall Street Journal and Bloomberg Markets say the acquisition is in a stock deal.
- All reports frame the acquisition as supporting Qualcomm’s AI push, including capabilities for data centers.
Qualcomm is looking to expand its position in the data center market as AI demand skyrockets.
2 months agoThe chipmaker will issue up to 19.2 million shares to Modular's equity holders as it pushes deeper into data center AI
2 months agoQualcomm agreed to acquire the AI software company Modular for about $3.9 billion, in a bid to make artificial intelligence faster and cheaper for its customers.
2 months ago
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