Qualcomm completes its purchase of AI software startup Modular

9:00 AM PT · July 31, 2026

Qualcomm announced Wednesday that it has closed its acquisition of Modular, whose software lets developers optimize and deploy generative and agentic AI workloads across different kinds of chips rather than being locked to one vendor’s hardware. Financial terms of the deal were not disclosed. Qualcomm CEO Cristiano Amon said combining Modular’s AI native software platform with Qualcomm’s own hardware “will accelerate our ability to deliver high performance, energy efficient AI solutions from edge to cloud,” language that points toward Qualcomm positioning itself further up the AI software stack rather than competing purely on chips. Modular co-founder and CEO Chris Lattner, previously known for creating the LLVM compiler infrastructure and Apple’s Swift programming language, said joining Qualcomm “gives us the scale to bring Modular’s software innovations to a broader portfolio of AI and compute platforms,” and will take on the newly created role of Executive Vice President of Advanced AI Software and Platforms at Qualcomm. The companies said Modular’s Mojo programming language, MAX inference framework, and Modular Cloud service will continue operating as distinct product brands with expanded investment behind them, and that Modular’s commitment to an open ecosystem will continue under Qualcomm’s ownership, a detail aimed at reassuring the developer community that uses Modular’s tools independent of any single chipmaker.