Key facts
- Qualcomm is reportedly in talks to acquire AI chip startup Tenstorrent.
- The potential acquisition price is between $8 billion and $10 billion.
- The talks are ongoing and the price could change or the discussions could fall apart.
- It is unclear if performance-based milestone payments are included in the price.
Qualcomm, a major supplier of smartphone chips, is reportedly in negotiations to acquire AI chip startup Tenstorrent for $8 billion to $10 billion. The talks are ongoing, and the final price or deal structure remains uncertain. Tenstorrent, founded in 2016 and led by former Apple chip designer Jim Keller, develops accelerators for training and running AI models. Qualcomm is seeking to diversify its business beyond the cyclical smartphone market into high-growth areas like data center processors and autonomous vehicle chips.