Qualcomm is nearing a deal to acquire Modular for nearly $4 billion in a stock-and-cash transaction that would bring the startup's entire team onboard. The reported purchase would accelerate Qualcomm's move into broader AI software platforms and data-center chips beyond its traditional mobile business.
Qualcomm announced the acquisition of Modular on June 24 in an all-stock deal valued at nearly $4 billion (up to 19.2 million shares).
Modular developed a chip software platform and a proprietary coding language that lets developers write AI software capable of running across different chips without rewriting code for each one.
Its goal was to create a unifying software layer to maximize performance from GPUs and CPUs while challenging systems such as Nvidia's CUDA and AMD's ROCm.
Tap a lens to see what this story means for you.
Reader-supported · Daily Brief
Daily brief at 7 AM ET. Top tech stories, every morning. Sourced and fact-checked.
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
ChangXin Memory Technologies expects to raise 57.9 billion yuan ($8.55 billion) in its Shanghai STAR Market IPO after doubling its original target. The world's fourth-largest DRAM chipmaker will list on July 27, advancing China's push for semiconductor self-reliance.
CISA added CVE-2023-4346 affecting KNX Association KNX Protocol Connection Authorization Option 1 to its Known Exploited Vulnerabilities catalog on 2026-07-15. Federal agencies must finish remediation by 2026-07-29. The overly restrictive account lockout mechanism could let attackers purge devices and set a BCU key when extra security options remain disabled, so organizations must apply vendor mitigations under BOD 26-04.
Bloomberg reports that OnePlus will exit the U.S. and European smartphone markets as part of restructuring at owner Oppo, with the move possibly starting as soon as this week. The brand's earlier popularity has faded while Chinese suppliers face mounting pressure from memory chip costs and declining shipments in key regions.
