Qualcomm in Talks to Buy AI Inference Startup Modular for About $4B

Qualcomm Inc. is in advanced talks to acquire AI inference software startup Modular Inc. for about $4 billion, Bloomberg reported on June 22, 2026. Citing people familiar with the matter, the report said a deal could be announced within weeks but has not yet been finalized. Neither Qualcomm nor Modular has issued an official comment, and the acquisition remains unconfirmed. According to the report, Modular, founded in 2022, builds software infrastructure for running AI inference across diverse hardware.