Qualcomm is nearing a $4 billion acquisition of AI infrastructure software startup Modular Inc, according to a Bloomberg report from late June 2026. The deal would be Qualcomm’s second major AI-focused acquisition in weeks, following advanced talks to buy chip startup Tenstorrent for $8-10 billion, together committing over $14 billion to reshape its AI silicon portfolio. Modular’s platform lets developers deploy AI models across different chips without rewriting code, supporting CEO Cristiano Amon’s push to expand Qualcomm beyond mobile processors into AI infrastructure.
