Qualcomm to Acquire Modular

About this update from Qualcomm Incorporated

Qualcomm Incorporated (NASDAQ: QCOM): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260624370684/en/ Highlights: Combines an AI-native software platform, and the world-class team behind it, with Qualcomm Technologies silicon leadership to accelerate adoption of its edge-to-cloud AI platforms by developers, OEMs, ODMs, cloud service providers and model creators. Further enables Qualcomm Technologies to deliver a silicon-agnostic compute layer across devices, edge and data centers, improving performance-per-watt, increasing hardware flexibility, and expanding an open developer ecosystem so customers can deploy AI more efficiently across heterogeneous platforms globally. Expands data center opportunity and enables optimal day-zero performance on new Qualcomm Technologies AI hardware, positioning the company to drive the global expansion of data center and edge AI compute. Qualcomm Incorporated (NASDAQ: QCOM), a connected computing leader at the center of the AI era, today announced that it has reached an agreement to acquire Modular Inc, strengthening Qualcomm Technologies, Inc.’s software foundation for generative and agentic AI across data center and edge environments. As AI scales, efficiency, not capability, becomes a constraint. Performance-per-watt drives the cost of inference, and cost determines what scales. Meeting this demand requires more than hardware. Developers need software that connects system-level optimization with heterogeneous, disaggregated compute, turning silicon performance into reliable and efficient AI services across accelerators, environments, and use cases. Modular provides an open, AI-native software stack that enables AI to run efficiently across hardware architectures. Built by engineers who helped create much of today’s AI infrastructure, Modular’s unified platform runs models with industry-leading performance across CPU, GPU, NPU, and custom ASIC architectures without re-writes for each accelerator. For developers and enterprises, that means building once, deploying across any environment with lower total cost of ownership. Modular is supported by an open, industry-friendly, vendor-neutral developer community committed to improving the portability and efficiency of AI infrastructure. The acquisition is expected to strengthen Qualcomm Technologies' ability to deli...

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