Home / Technology / Qualcomm Nears $4B Deal for AI Chip Startup Modular
Qualcomm Nears $4B Deal for AI Chip Startup Modular
23 Jun
Summary
- Qualcomm is in advanced discussions to acquire Modular Inc.
- The potential deal values the AI chip company at approximately $4 billion.
- This acquisition would significantly increase Modular's previous valuation.
Qualcomm is currently in advanced discussions to acquire the AI chip company Modular Inc. The potential transaction values Modular at approximately $4 billion. This valuation marks a substantial increase from the $1.6 billion valuation Modular achieved in a funding round nine months prior to these discussions.
Qualcomm, a major global supplier of smartphone chips, is actively seeking to diversify its business. The company aims to lessen its reliance on the often volatile handset market. Strategic expansion into high-growth sectors such as data center processors and chips for autonomous vehicles is a key objective.
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