Qualcomm Nears $4 Billion Deal for AI Chip Startup Modular
Updated
Updated · Bloomberg · Jun 22
Qualcomm Nears $4 Billion Deal for AI Chip Startup Modular
3 articles · Updated · Bloomberg · Jun 22
Summary
Advanced talks value Modular Inc. at about $4 billion, putting Qualcomm close to acquiring the AI chip startup, according to people familiar with the matter.
A deal could be announced within the coming weeks if negotiations hold, though the discussions remain private and have not yet produced a final agreement.
The potential acquisition would deepen Qualcomm's push into artificial-intelligence chips through a startup focused on that market.