Qualcomm Close to $4B Acquisition of AI Startup Modular

WHO:

Bloomberg - Qualcomm Inc. is involved in the acquisition talks.

Bloomberg - Modular Inc. is the AI chip startup being acquired.

WHAT:

Bloomberg - Qualcomm is in advanced talks to acquire Modular.

Bloomberg - The transaction is valuing Modular at approximately $4 billion.

Bloomberg - Modular's valuation was $1.6 billion in September 2025.

WHEN:

Bloomberg - The valuation of Modular was $1.6 billion in September 2025.

HOW:

Bloomberg - The acquisition is described as being in advanced talks, indicating ongoing negotiations.

(UPDATED June 23, 2026 01:40 UTC)

Qualcomm is currently in advanced talks to acquire the AI chip startup Modular Inc., with the deal valuing Modular at approximately $4 billion. This marks a significant increase from Modular's valuation of $1.6 billion in September 2025. The ongoing negotiations suggest that both companies are making progress toward finalizing the acquisition.