Pins matching tag:Modular

Qualcomm agreed to buy Modular, Chris Lattner's startup whose AI software runs models across CPUs, GPUs, NPUs and custom chips without rewrites, in an all-stock deal of up to 19.2 million shares valued at about $3.9 billion.

Qualcomm closed its all-stock takeover of Modular, valued at about $3.1 billion at closing; Mojo, MAX and Modular Cloud carry on as brands and co-founder Chris Lattner becomes a Qualcomm executive vice president.

Qualcomm's revenue slipped 4% to $9.95 billion as handset chip sales fell 20%, and Cristiano Amon said the company would raise chip prices from 1 September to cover soaring memory and manufacturing costs.