Qualcomm said on June 24, 2026, that it will acquire AI chip software startup Modular Inc. for about $4 billion. The deal is expected to close in the second half of 2026, with Modular's entire team of about 150 people, including its two co-founders, joining Qualcomm. The consideration involves the issuance of up to 19.2 million shares plus $3 billion earmarked for employees. Details
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