Qualcomm to acquire Modular and launch AI chips for data center expansion (opens in new tab)

Qualcomm has entered a definitive agreement to acquire Modular Inc., a software infrastructure firm specializing in AI-native software stacks. This acquisition aims to provide a silicon-agnostic compute layer that optimizes AI performance across various hardware architectures. The deal is valued at approximately $3.92 billion and will be funded through the issuance of up to 19.2 million shares of Qualcomm common stock. <a href="