Industry3h ago
Industry
Qualcomm Acquires Modular For $3.9 Billion
A $3.9 billion stock deal secures Modular Inc. for Qualcomm. This acquisition integrates specialized AI software to accelerate the chipmaker's expansion into the data center market. It targets the software layer critical for high-performance inference. The move reduces Qualcomm's reliance on third-party frameworks to compete with Nvidia's software moat.