Qualcomm nearing deal for AI chip startup Modular: report

Short summary

Qualcomm is reportedly nearing a deal to acquire Modular, an AI chip startup, reducing dependence on the volatile smartphone market while expanding into data center and autonomous vehicle processors. The move reflects broader chipmaker consolidation as the industry pivots from handsets to AI-driven hardware.

• •Qualcomm negotiating acquisition of AI chip startup Modular
• •Strategic diversification away from volatile smartphone market
• •Expansion into data centers and autonomous vehicle chips

Generated with AI, which can make mistakes.