technology
Qualcomm in Advanced Talks to Acquire AI Chip Startup Modular for $4 Billion
Qualcomm is negotiating to buy Modular Inc., an artificial intelligence chip startup, in a deal that would value the company at about $4 billion. The talks are described as advanced by people familiar with the matter.
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Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction that would value the artificial intelligence chip startup at about $4 billion. The discussions involve the purchase of a company focused on AI chip technology.
No final agreement has been reached and the talks could still change or end without a deal. People familiar with the matter said the valuation figure is part of the current negotiations. Further details on timing or structure were not disclosed.
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