Qualcomm Acquires AI Startup Modular for $3.92 Billion!

Qualcomm has officially announced its acquisition of AI startup Modular in a $3.92 billion all-stock deal. The acquisition aims to enhance AI capabilities across various chip platforms without requiring code rewrites. Additionally, Qualcomm is reportedly in talks to acquire AI chip startup Tenstorrent for $8-10 billion. The Modular deal, closing in 2026, is pivotal for Qualcomm's strategy against Nvidia's dominance.