Qualcomm in Talks to Acquire AI Chip Startup Tenstorrent for Up to $10 Billion, Reuters Reports

Qualcomm in Talks to Acquire AI Chip Startup Tenstorrent for Up to $10 Billion, Reuters Reports Vardah Gill Thu, June 18, 2026 at 1:04 AM GMT+2 2 min read QCOM With a free cash flow yield of 5. 54%, QUALCOMM Incorporated (NASDAQ: QCOM ) is included among the 12 Stocks From Companies Generating High Cash Flow . Qualcomm in Talks to Acquire AI Chip Startup Tenstorrent for Up to $10 Billion, Reuters Reports On June 15, Reuters reported that QUALCOMM Incorporated (NASDAQ:QCOM) is in talks to acquire AI chip startup Tenstorrent.

The deal would be valued between $8 billion and $10 billion, according to a report by The Information that cited a person familiar with the matter. Qualcomm shares fell about 1% in extended trading following the report. The discussions are ongoing, and the deal value could change.

The report also noted that negotiations could still fall through. It remains unclear whether the proposed price includes performance-based milestone payments, a structure that has been used in previous acquisitions of chip startups. Qualcomm and Tenstorrent did not immediately respond to Reuters’ requests for comment, and Reuters was unable to independently verify the report.

Founded in 2016, Tenstorrent is led by Jim Keller, a former Apple chip designer who also oversaw Tesla’s efforts to develop a chip for autonomous driving. The company develops accelerators used to train AI models and run AI applications. QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry.

Its portfolio includes third-generation (3G), fourth-generation (4G), and fifth-generation (5G) wireless connectivity, as well as high-performance and low-power computing technologies, including on-device artificial intelligence. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock .

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