Gasgoo Auto News On May 8, Qualcomm announced that it has reached a final agreement on the acquisition of Autotalks, an Israeli auto chip manufacturer, in order to deepen its layout in the auto industry. However, the parties to the transaction did not disclose the specific amount of the transaction.
According to Qualcomm, Autotalks is a fabless semiconductor company that has been working on V2X communication technology since 2009. The company provides automotive-compliant dual-mode global V2X solutions, compatible with multiple V2X standards, designed to reduce collisions and improve mobility.
Qualcomm stated that Autotalks’ expertise and industry-leading products will be combined with Qualcomm’s 20 years of experience in the automotive industry and its commitment to V2X, aiming to help accelerate the development and application of V2X solutions, improve traffic efficiency, and realize drivers and roads. User Safety.
Through this acquisition, Autotalks’ production-ready, dual-mode stand-alone security solutions will be added to Qualcomm’s expanding portfolio of Snapdragon Digital Chassis, a cloud-connected automotive platform.
With the popularity of electric vehicles and the increase of vehicle automation functions, the number of chips required by automakers has increased dramatically, and the automotive market has become a key growth area for chip manufacturers. Nakul Duggal, senior vice president of automotive at Qualcomm Technologies, said in a statement: “We have been investing in V2X research, development and deployment since 2017 and believe that as the automotive market matures, independent V2X security architecture and intelligent transportation system to improve the safety of road users.”