Qualcomm nearing deal for AI chip startup Modular: report (opens original article in a new tab)

Qualcomm is nearing a $4 billion deal to acquire AI chip startup Modular Inc, marking a significant increase from its previous valuation, while also discussing a separate $8-10 billion acquisition of Tenstorrent.

• Qualcomm is in advanced discussions to acquire AI chip startup Modular Inc in a $4 billion deal
• Modular's valuation has increased from $1.6 billion to $4 billion in nine months
• Qualcomm is also in talks to acquire another AI chip startup, Tenstorrent, for $8-10 billion