Qualcomm is acquiring Modular, the AI infrastructure startup founded by Chris Lattner and Tim Davis, for approximately $3.92 billion in stock. The deal, announced June 24, 2026, gives Qualcomm Modular…
OpenAI announced Jalapeño, its first custom AI chip for LLM inference, built with Broadcom and intended for ChatGPT, Codex, and future agent products, signaling a push to own more of the AI stack. Mea…
Qualcomm is in advanced talks to acquire RISC-V AI chip startup Tenstorrent for up to $10 billion, a move that would give Qualcomm Jim Keller's Blackhole silicon and an open-source inference stack. Th…
Qualcomm unveiled High Bandwidth Compute (HBC), a near-memory 3D-stacked accelerator architecture, at its June 24, 2026 Investor Day. The company claims HBC delivers a 6x bandwidth-per-watt increase o…
Qualcomm announced the Dragonfly data center ecosystem and AI300 inference accelerator at its Investor Day on June 23-24, 2026, claiming up to 54x effective memory bandwidth per card and 3-8x tokens-p…
Qualcomm stock surged over 13% after the chipmaker raised its fiscal 2029 non-handset revenue target to $40 billion, doubling its previous goal, with over $15 billion expected from its new AI data cen…
Qualcomm announced Meta as the first Big Tech customer for its new C1000 data center CPUs, with chips set to power Meta servers in late 2028, and plans to acquire AI software company Modular for about…
Qualcomm CFO Akash Palkhiwala told investors on June 24 that the company has an opportunity to grow annual revenue to $100 billion, up from the current $30-$40 billion range, driven by automotive, IoT…
Qualcomm announced Meta as its first major Big Tech customer for data center CPUs, signing a multi-generation strategic agreement centered on the Dragonfly C1000 chip designed for agentic AI workloads…
Qualcomm announced a target to grow data center revenue from $0.3 billion in fiscal 2026 to over $15 billion by fiscal 2029, driven by a multi-generation agreement with Meta and custom silicon deals w…
Qualcomm expanded its partnership with Hugging Face on June 24 to make over 3 million open AI models deployable across its hardware, including Snapdragon, Dragonwing, and Dragonfly platforms. The coll…
Meta CEO Mark Zuckerberg confirmed a multi-generation processor deal with Qualcomm, securing custom Snapdragon silicon for Meta's extended reality hardware and AI workloads. The agreement extends acro…
Qualcomm acquired Modular to challenge NVIDIA's AI dominance, unveiling a five-year plan to expand into data centers with Dragonfly AI accelerators and CPUs. The acquisition provides an alternative to…
Qualcomm announced Meta as the first named customer for its Dragonfly C1000 data centre chip, set for 2028, and confirmed a $3.9 billion acquisition of AI software startup Modular. The moves signal Qu…
Qualcomm announced a major push into data center infrastructure at its 2026 Investor Day, unveiling a new Dragonfly C1000 CPU with 250+ cores and a High Bandwidth Compute (HBC) architecture that stack…
Qualcomm announced an agreement to acquire AI infrastructure company Modular Inc. for about $3.9 billion, aiming to strengthen its AI software capabilities with Modular's open, AI-native platform that…
Qualcomm is in advanced negotiations to acquire AI infrastructure startup Modular for approximately $4 billion, more than doubling its last known valuation. The deal aims to bolster Qualcomm's data ce…
Qualcomm will acquire Silicon Valley chip startup Modular for nearly $4 billion, including $300 million for employees. The deal, announced Wednesday, aims to expand Qualcomm's AI capabilities beyond m…
Qualcomm is negotiating to design custom chips for ByteDance, TikTok's parent company, as part of a deeper push into AI data center infrastructure. The deal would involve application-specific integrat…
At Fortune's Fuel Up event at Cannes Lions, business leaders emphasized that human creativity and authenticity are crucial as marketers adopt AI. Gstaad Guy, a satirical influencer, highlighted that g…