Qualcomm Announces $3.92 Billion Acquisition of AI Startup Modular

On June 24, Qualcomm announced a $3.92 billion all-stock acquisition of AI software startup Modular to bolster its position in the AI infrastructure market and challenge Nvidia's dominance.

By Wajeeh Khan Wed, June 24, 2026 at 11:32 PM GMT+3 2 min read · Yahoo Finance · June 24, 2026, 20:32 UTC

Qualcomm Announces $3.92 Billion Acquisition of AI Startup Modular

Tickers: $GOOG $GOOGL $NVDA $QCOM

Topics: acquisitions AI semiconductors

Read the full article at Yahoo Finance

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