Qualcomm buys Modular for $3.9B to turbocharge AI data centers

Qualcomm said on June 24, 2026 it will acquire AI software startup Modular Inc. in an all-stock deal valued at about $3.9 billion. The San Diego chipmaker said Modular’s AI-native software stack will help drive its expansion into data-center and enterprise AI markets, with the deal expected to close in the second half of 2026.