Qualcomm acquires AI startup Modular to diversify beyond smartphone chips
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CNA
Summary
Qualcomm announced it will acquire AI startup Modular for an undisclosed sum, though Bloomberg News reported the deal could value the company at around $4 billion. The acquisition is part of Qualcomm's strategy to diversify beyond its core smartphone chip business into the growing AI sector.
Source
bskyQualcomm acquires AI startup Modular to diversify beyond smartphone chipschannelnewsasia.comKey quotes
· 2 pulledQualcomm said on Wednesday it would buy AI startup Modular for an undisclosed sum, as the chipmaker looks to diversify beyond its core smartphone business.
The company was in advanced discussions to acquire Modular in a deal valuing it at about $4 billion, Bloomberg News reported on Monday.
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