Qualcomm Expands AI Footprint with $4B Modular Acquisition

Qualcomm will acquire Modular for about $4 billion in stock, expanding beyond mobile chips into AI-focused software. Modular provides a cross-chip AI software platform and a proprietary coding language enabling AI programs to run on different chips without rewriting code. The entire Modular team will join Qualcomm, signaling a push into data-center AI hardware/software and broader AI-enabled devices. The deal, announced by both companies, values Modular at roughly $4 billion based on Qualcomm’s share price and is expected to close in H2 2026.