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Qualcomm to Acquire AI Software Firm Modular for About $3.9B

June 24, 2026 at 08:33 EDT

Funding & M&A
Infra & Chips
AI Agents

Qualcomm Incorporated (NASDAQ: QCOM) said on June 24, 2026, that it will acquire AI infrastructure software firm Modular Inc. for about $3.9 billion, accelerating its push into data center AI. The all-stock deal is expected to close in the second half of 2026.

June 24, 2026 · Qualcomm

Qualcomm to Buy Modular in ~$4B Bet on AI Software

Qualcomm has agreed to acquire AI infrastructure software firm Modular, pairing its power-efficient silicon with a hardware-independent compute layer to push generative and agentic AI from the edge to the data center.

~$4B

Reported deal size

2×

Claimed speedup on a unified text/image/video stack

120k+

Developers in Modular's community

H2 2026

Expected close, pending approvals

Valuation, re-priced

Modular's price tag roughly 2.5× since its September 2025 valuation.

$1.6B

Sept 2025 valuation

~$4B

June 2026 deal

What Modular brings

Modular Platform

Unified AI inference foundation spanning kernel to cloud.

Hardware-independent

Write once; deploy from data center to edge across CPU, GPU, NPU and ASIC.

Framework compatible

Works with PyTorch, TensorFlow and other major frameworks.

Mojo

AI language targeting Python ease with C-level performance.

Developers welcome

Praise for Modular's engineering and infrastructure, with hopes that Mojo keeps evolving and the ecosystem expands under Qualcomm.

Still watching

Detailed benchmarks, product roadmaps and post-integration plans remain limited until the deal closes.

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