Qualcomm in Talks to Buy Jim Keller's Tenstorrent for $8–10B

Sherwood News·medium signal

Qualcomm is reportedly in negotiations to acquire AI-chip startup Tenstorrent (founded 2016 by Jim Keller) for $8–10 billion, per June 16, 2026 reports, with QCOM shares jumping over 4% on the news. The deal would push Qualcomm beyond mobile into AI training/inference accelerators, following its December 2025 Ventana RISC-V buy and $2.4B Alphawave acquisition. Talks are ongoing and could still collapse.