The acquisition will be done through its unit Qualcomm Technologies.
Chip designer Qualcomm Inc said on Monday it will buy Israel’s AutoTalk Ltd, which makes chips used in technology aimed at preventing vehicle crashes, as the US firm seeks to deepen its automotive business.
Chip designer Qualcomm Inc said on Monday it will buy Israel’s AutoTalk Ltd, which makes chips used in technology aimed at preventing vehicle crashes, as the US firm seeks to deepen its automotive business.
With the growing number of electric vehicles and automated features in cars, the number of chips used by vehicle manufacturers is on the rise, making the automotive market a major growth area for chip makers.
Autotalks makes dedicated chips used in vehicle-to-everything (V2X) communication technology for manned and driverless vehicles to improve road safety.
“We have been investing in V2X research, development and deployment since 2017 and believe that as the automotive market matures, there will be a need for a standalone V2X safety architecture for road user safety as well as smart transportation systems,” Nakul Duggal, Senior Vice President – President – Automotive, Qualcomm Technologies, said in a statement.
Qualcomm said last year that its automotive business “pipeline” had grown by more than $10 billion to $30 billion since an announcement in late July.
The company attributed this surge to its Snapdragon Digital Chassis product used by car manufacturers and their suppliers. The Snapdragon Digital Chassis could provide assisted and autonomous driving technology as well as in-car infotainment and cloud connectivity.
Qualcomm said on Monday it would incorporate Autotalks’ solution into the Snapdragon Digital Chassis product portfolio, but did not elaborate on the financials of the deal.
Qualcomm said the acquisition would be done through its unit Qualcomm Technologies.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
