Qualcomm agrees to acquire AI software company Modular

Qualcomm agreed to acquire Modular Inc., an AI software infrastructure company whose platform runs AI models across different chip types without rewriting code for each one. The announcement did not state a deal value or share count. Closing is expected in the second half of 2026, subject to customary conditions and regulatory approval.

• Modular builds AI software that runs across different chip architectures
• Deal value and consideration not stated in the announcement
• Closing expected in the second half of 2026, subject to approvals