Qualcomm to Acquire AI Software Startup Modular for $4 Billion

By EC Assets · Published 24 June 2026

Qualcomm plans to acquire AI startup Modular in a deal valued at approximately $4 billion. The transaction aims to enhance Qualcomm's artificial intelligence software capabilities. This move reflects Qualcomm's strategic focus on the AI sector. Qualcomm intends to purchase Modular in an all-stock deal. The acquisition will provide Qualcomm with access to software that runs AI models. Modular, an AI chip startup, has been in advanced discussions with Qualcomm. The deal is valued at about $4 billion. Reports indicate the acquisition will strengthen the software side of Qualcomm's push into data-center and cloud AI. Qualcomm is in advanced talks to acquire the AI infrastructure software company Modular Inc. The company is about to spend $4 billion on a startup that makes no chips. Qualcomm is not buying a normal application software company. Coverage of the deal has highlighted this aspect of the acquisition. This article is intended for informational purposes only. It does not constitute investment advice.