Qualcomm acquires Israeli auto-chip maker Autotalks for $350-400M.
Qualcomm is acquiring Autotalks, an Israeli fabless chipmaker that builds semiconductor and system-on-a-chip technology to aid in automotive safety, for between $350 million and $400 million. Autotalks' V2X communication technology will be integrated into Qualcomm's Snapdragon Digital Chassis portfolio. Qualcomm's automotive business has customers including VW, General Motors, Mercedes-Benz, Cadillac, Honda, and Stellantis. The acquisition will help Qualcomm beef up its capabilities and product range in the lucrative area of automotive safety technology.