Qualcomm announced on June 24, 2026 that it has agreed to acquire AI software infrastructure company Modular Inc. in a deal valued at nearly $4 billion. The acquisition combines Qualcomm’s silicon technology with Modular’s hardware-agnostic AI software platform to enable efficient AI deployment across edge and cloud environments. CEO Cristiano Amon said the deal supports developer-friendly, open platforms that work across diverse computing architectures, with the transaction expected to close in the second half of 2026.
