Qualcomm Closes All-Stock Acquisition of Compiler Startup Modular

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Qualcomm has finished buying Modular, the AI infrastructure company behind the Mojo programming language, closing the transaction on July 29, 2026, roughly five weeks after the two sides announced it. Chris Lattner, Modular's co-founder and chief executive, takes on the role of executive vice president of advanced AI software and platforms at the chipmaker. The currency is Qualcomm equity. Under a definitive agreement signed June 21, 2026, Qualcomm expects to issue up to 19.2 million shares of…