Qualcomm in Talks to Buy Tenstorrent, The Information Reports
The deal would expand Qualcomm’s push beyond smartphone chips into data centers and autonomous vehicles, while Tenstorrent’s AI accelerators could support that strategy.
- On Monday, The Information reported that Qualcomm is in talks to acquire AI chip startup Tenstorrent in a deal valuing the company between $8 billion and $10 billion.
- Seeking to reduce reliance on the cyclical handset market, Qualcomm is expanding into high-growth segments like data center processors and autonomous vehicle chips.
- Led by former Apple and Tesla chip designer Jim Keller, Tenstorrent develops accelerators for training AI models and running AI applications since its 2016 founding.
- Shares of Qualcomm fell about 1% in extended trading following the report, while neither company immediately responded to Reuters' requests for comment.
- Talks remain ongoing and the final price could change, though it is unclear whether the deal will include performance-based milestone payments common in chip acquisitions.
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The company negotiates the purchase of private startup artificial intelligence chips Tenstorrent for about US$ 8 billion to US$ 10 billion, reported the specialized vehicle in technology The Information
Qualcomm said to be circling AI chip biz Tenstorrent in $10B RISC-V power play
Qualcomm is reportedly moving to buy AI chip firm Tenstorrent, an acquisition that could prove a major boost to the RISC-V ecosystem. This comes from The Information, which cites an anonymous source claiming that a deal valued at $8 billion to $10 billion is under discussion. According to the report, the talks are ongoing and there is no certainty a deal will be reached, but the move would fit with Qualcomm's datacenter ambitions and bullish sta…
Qualcomm in talks to buy Tenstorrent: Report
The talks were ongoing and the price could change, or the discussions could fall apart, according to the report. It was not clear if the price will include performance-based milestone payments, a structure used in the past to buy chip startups, the Information added.
Qualcomm in talks to acquire AI chip startup Tenstorrent for up to $10 billion, report - Tech Startups
The race to challenge Nvidia’s grip on AI hardware may be heading for another blockbuster deal. Qualcomm has been in discussions to acquire AI chip startup Tenstorrent in a transaction that could value the company between $8 billion and $10 […] The post Qualcomm in talks to acquire AI chip startup Tenstorrent for up to $10 billion, report first appeared on Tech Startups.
Qualcomm in talks to buy Tenstorrent, The Information reports
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