Qualcomm Completes Acquisition of Modular and Signs Deal with BMW
On Wednesday, Qualcomm announced it has completed its acquisition of startup Modular. The deal adds modular design capabilities that could enhance Qualcomm's offerings in automotive technology. In addition to the acquisition, Qualcomm signed a new partnership agreement with BMW. This collaboration is expected to advance connected car technologies and support future innovations in vehicle connectivity. The developments come ahead of Qualcomm’s upcoming fiscal second-quarter earnings report, which will be released after market close.
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Topics: acquisition automotive partnership financial results