From Zero to $15 Billion, Qualcomm’s AI Roadmap Gets a Boost From Modular Acquisition

Qualcomm (QCOM) is in the process of executing one of the most aggressive data-center pushes in its history, a move that will help the company diversify away from a handset market currently facing a historical decline. On its Investor Day held on June 24, the company laid out its ambitious AI infrastructure strategy. Where just a couple of years ago Qualcomm had zero data-center revenue, it now expects to go as high as $15 billion in annual data-center revenue by 2029.

News of the company’s recent acquisition is a step in this direction. Qualcomm is acquiring Modular, an AI infrastructure software company founded by Chris Lattenr and Tim Davis. Modular is the company that built Mojo, a Python-based programming language for AI. The firm has also built MAX, a next-generation AI developer platform built on top of Mojo, that helps streamline AI development and deployment.