Qualcomm completes $3.9 billion Modular acquisition and secures long-term BMW chip deal

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Qualcomm completed its $3.9 billion acquisition of AI-software startup Modular and secured a long-term chip agreement with BMW, sharpening its push beyond smartphones just hours before its earnings report. The Modular deal adds software designed to run AI efficiently across CPUs, GPUs and other accelerators, strengthening Qualcomm's attempt to compete from personal devices to data centres. Qualcomm had agreed to issue up to 19.2 million shares to Modular's owners. The BMW agreement will see Qualcomm supply Snapdragon Digital Chassis technology for next-generation digital cockpits, advanced driver-assistance systems and AI accelerators through the next decade, though financial terms were not disclosed. Qualcomm reports fiscal third-quarter results after Wednesday's close, with analysts expecting roughly $9.7 billion in revenue and adjusted earnings near $2.22 per share.

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Qualcomm Incorporated
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Completed $3.9B acquisition of AI-software startup Modular and secured long-term BMW chip deal, expanding beyond smartphones.

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