Qualcomm is in discussions to acquire Modular Inc. for around **$4 billion** , Bloomberg reports – a major jump from Modular's $1.6 billion valuation just nine months ago. Founded in 2022, Modular has raised $380 million total, including a $250 million round last September. A deal could be announced in weeks, though negotiations may still adjust or collapse.
Separately, Qualcomm is also in talks to buy Tenstorrent for $8–10 billion, signaling a broader push into data center AI processors and automotive chips as it diversifies beyond its core smartphone business.
ICgoodFind: Qualcomm's dual acquisition hunt for Modular and Tenstorrent shows a clear pivot toward AI silicon and away from handset dependency.
