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Qualcomm to Snap Up AI Software Firm Modular in $3.9 Billion Stock Swap
4 hour ago /
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Author：小编
On Wednesday, Qualcomm unveiled its plan to acquire Modular, an artificial intelligence software company, through the issuance of additional common stock. The total investment for this acquisition is estimated at around $3.9 billion, involving the transfer of up to 19.2 million common shares. Given Qualcomm's closing share price of $204.13 on Tuesday, the overall valuation of this deal stands at approximately $3.92 billion. Through this strategic move, Qualcomm aims to equip its customers with AI technology services that are not only more efficient but also cost-effective.
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