On June 24, 2026, Qualcomm announced an agreement to acquire Modular, an AI software infrastructure company building a unified compute platform. Modular’s stack is designed to let developers write AI applications once and run them across diverse hardware - CPUs, GPUs, NPUs, and custom accelerators - without rewriting code for each architecture. The official announcement did not disclose a deal value.
Qualcomm said the acquisition strengthens its software foundation for generative and agentic AI across data center and edge environments, adding an open, AI-native software stack. The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
The deal positions Qualcomm against the entrenched software lock-in around Nvidia’s CUDA, betting that developer-friendly, hardware-independent platforms will give customers more choice in how and where they deploy AI.