business
Qualcomm to buy AI startup Modular
Key takeaways
- Buying Modular pits Qualcomm against CUDA, the software platform that has helped underpin Nvidia s AI dominance by tying millions of developers to the $5 trillion company s chips.
- As part of the deal, Qualcomm expects to issue up to 19.2 million shares of its common stock to Modular s equity holders.
- The transaction is valued at $3.92 billion, according to a Reuters calculation based on Qualcomm s last closing price.
Qualcomm to buy AI startup Modular for $4 billion in AI software push AI Impact Summit in New Delhi · Reuters Reuters Wed, June 24, 2026 at 7:07 PM GMT+7 2 min read QCOM NVDA June 24 (Reuters) - Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor.
Buying Modular pits Qualcomm against CUDA, the software platform that has helped underpin Nvidia s AI dominance by tying millions of developers to the $5 trillion company s chips.
As part of the deal, Qualcomm expects to issue up to 19.2 million shares of its common stock to Modular s equity holders.
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