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(Sharecast News) - Qualcomm said on Wednesday that it has agreed to buy AI software infrastructure firm Modular.
Qualcomm said 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, it noted.
The acquisition is expected to strengthen Qualcomm Technologies' ability to deliver a more optimised AI compute layer across a broad range of platforms and use cases.
Qualcomm president and chief executive Cristiano Amon said: "This acquisition marks a pivotal moment not just for Qualcomm, but for the AI industry.
"As agentic AI scales across data centres and edge environments, the industry is moving toward disaggregated, multi-vendor architectures that demand a more open and modern software foundation. We believe the future belongs to developer-friendly, horizontal platforms that can run across diverse compute environments and give customers real choice in how and where they deploy AI.
"With Modular, we're accelerating that shift, combining our scale and energy-efficient data centre technologies with an open ecosystem approach to help drive the next chapter of AI."
Qualcomm did not disclose any financial details, but according to Reuters, the transaction is valued at $3.92bn.
The deal is expected to close in the second half of this year.
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