Qualcomm Incorporated has completed its acquisition of Modular Inc., adding AI-native software infrastructure to its portfolio of compute platforms spanning devices, edge deployments, and data centers. Qualcomm announced the agreement on June 24 and closed on July 29, roughly five weeks later, ahead of the second-half-of-2026 window it guided to at signing. Neither company has disclosed terms in its releases. Qualcomm treated the close as a headline event, listing it as one of three items at the top of its third-quarter fiscal 2026 results, published the same day. Modular develops software intended to simplify the optimization and deployment of generative and agentic AI workloads across heterogeneous hardware, supporting CPUs, GPUs, NPUs, and custom silicon through a unified software approach. Mojo, MAX, and Modular Cloud continue as products and brands with expanded investment and support through Qualcomm Technologies. MAX is an inference and serving framework that does not depend on PyTorch, CUDA, or ROCm, so the same code runs on NVIDIA, AMD, and Apple Silicon without a vendor runtime. Modular says that the Python API, model pipelines, and GPU kernels are open source, with more than 500 models available. Chris Lattner, Modular co-founder and CEO, takes on the role of Executive Vice President of Advanced AI Software and Platforms. The rest of the team lands intact, and Modular survives as a named organization, with co-founder Tim Davis as SVP and GM of Modular at Qualcomm. Qual