Qualcomm acquires Autotalks for auto-safety technology.

Qualcomm is set to acquire Israeli chipmaker Autotalks for around $350 to $400 million. Autotalks creates chips and V2X communication technologies for both ordinary and driverless vehicles to boost road safety. The acquisition will allow Autotalks' safety solutions to be incorporated into Qualcomm's Snapdragon Digital Chassis, its set of cloud-connected assisted and autonomous driving technologies. Qualcomm expects the automotive industry to be one of its biggest sources of growth and revenue over the coming years.