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Qualcomm Inc. is in advanced talks to acquire Modular Inc., an artificial intelligence infrastructure software company, in a transaction valuing Modular at about $4 billion(約6400億円). An announcement may come within weeks, though a final agreement is not guaranteed and details could still change.
Why it matters
Chipmakers across the industry are competing to gain technology and talent in AI; Qualcomm is trying to expand its product lineup and build alliances to become a competitor to market leader Nvidia Corp. Modular was founded in 2022 by former Google engineers and has raised $380 million(約610億円) total, most recently a $250 million(約400億円) round in September at a $1.6 billion(約2600億円) valuation.
What to watch
Qualcomm has pursued tuck-in acquisitions in recent years after its larger deal for NXP Semiconductors fell through due to regulatory concerns. The company agreed to buy Alphawave IP Group Plc for about $2.4 billion(約3800億円) in cash last year. Qualcomm is holding an investor day Wednesday.
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