Qualcomm in talks to buy Tenstorrent: Report

Qualcomm is in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, The Information reported on Monday citing a person with knowledge of the deal.

Shares of Qualcomm ‌fell about ⁠1% ⁠in extended trading.

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.