Qualcomm completes acquisition of Modular (July 2026)
What's the deal? Qualcomm has completed its acquisition of Modular, the AI-native software infrastructure startup it agreed to buy in June 2026. Qualcomm confirmed the close on 29 July 2026. Consideration was primarily Qualcomm stock (~18 million shares), valuing Modular at roughly $3.1 billion based on Qualcomm's closing share price, per Qualcomm's subsequent-events disclosure.
What happens next? Modular's platform - including Mojo, MAX and Modular Cloud - continues under its own brand with expanded investment and support from Qualcomm. Co-founder and CEO Chris Lattner moves into a new role as Executive Vice President of Advanced AI Software and Platforms at Qualcomm.
Why it matters. Qualcomm says the combination creates a leading AI compute platform spanning data center, edge infrastructure, and personal and industrial AI, pairing Modular's AI-native software layer with Qualcomm's compute hardware across CPUs, GPUs, NPUs and custom silicon. "Combining Modular's AI-native software platform with Qualcomm Technologies' leading solutions, industry scale and ecosystem partnerships accelerate our ability to deliver high-performance, energy-efficient AI solutions from edge to cloud," said Cristiano Amon, President and CEO of Qualcomm Incorporated.
