Qualcomm in Talks to Buy AI Inference Software Maker Modular for About $4 Billion

Qualcomm Inc. is in talks to acquire AI infrastructure software company Modular Inc. for about $4 billion, multiple media outlets reported on June 22, 2026. A deal could be announced within weeks, though no final agreement has been reached. According to the reports, Qualcomm has been ramping up its AI inference business in the data center and enterprise space, and the deal is seen as part of that push. Report