Is QUALCOMM Incorporated (QCOM) Set to Acquire a Startup?
Key takeaways
- Is QUALCOMM Incorporated (QCOM) Set to Acquire a Startup?
- Reuters reported on June 24 that QUALCOMM Incorporated (NASDAQ:QCOM) is set to acquire AI startup Modular in an all-stock deal worth nearly $4 billion.
- The acquisition also puts Qualcomm in competition with CUDA, the software platform that has been central to Nvidia's dominance in AI by helping build a large developer ecosystem around its chips.
Is QUALCOMM Incorporated (QCOM) Set to Acquire a Startup? Fatima Gulzar Mon, June 29, 2026 at 1:46 AM GMT+7 1 min read QCOM NVDA QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 Best Semiconductor Stocks to Buy According to Billionaires.
Reuters reported on June 24 that QUALCOMM Incorporated (NASDAQ:QCOM) is set to acquire AI startup Modular in an all-stock deal worth nearly $4 billion. Through the acquisition, Qualcomm will gain software that enables AI models to run across different chips without requiring developers to write separate code for each processor.
The acquisition also puts Qualcomm in competition with CUDA, the software platform that has been central to Nvidia's dominance in AI by helping build a large developer ecosystem around its chips.