Key Facts

• Qualcomm Inc. is in advanced talks to acquire Modular Inc., an artificial intelligence chip startup, in a transaction valuing Modular at about $4 billion, according to people familiar with the matter.
• The acquisition would mark a significant expansion of Qualcomm's presence in the AI chip market, where it competes with other major players.
• Modular Inc. is a startup focused on developing AI chip technology, although specific details about its products or services are not publicly available.
• A deal would likely be seen as a strategic move by Qualcomm to enhance its capabilities in the rapidly growing AI chip sector, where demand for specialized hardware is increasing.
• The talks between Qualcomm and Modular are ongoing, with sources indicating that a final agreement could be reached soon, although no official announcement has been made.