Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), has announced plans to acquire Autotalks, an Israel-based semiconductor company, in a deal reportedly worth between $350-400 million. The acquisition will strengthen Qualcomm’s Snapdragon® Digital Chassis offering by incorporating Autotalks’ vehicle-to-everything (V2X) communication technologies, which are critical for automotive safety systems.
As the automotive industry experiences rapid digital transformation, connectivity has become a key factor in enabling next-generation software-defined vehicles. Autotalks, founded in 2009, specializes in automotive qualified dual-mode global V2X solutions designed to reduce collisions and improve mobility. The collaboration between Qualcomm’s automotive industry experience and Autotalks’ expertise and products aims to accelerate the development and adoption of V2X solutions.
“We have been investing in V2X research, development and deployment since 2017 and believe that as the automotive market matures, a standalone V2X safety architecture will be needed for enhanced road user safety, as well as smart transportation systems,” said Nakul Duggal, senior vice president & GM, automotive, Qualcomm Technologies, Inc.
The acquisition will see Autotalks’ production-ready, dual-mode standalone safety solutions integrated into Qualcomm Technologies’ expanding Snapdragon® Digital Chassis product portfolio. This comprehensive set of cloud-connected automotive platforms will enable the automotive industry to enhance transportation efficiency and safety for road users and accelerate widespread adoption of V2X technology.
Nakul Duggal, senior vice president & GM, automotive, Qualcomm Technologies, Inc., expressed enthusiasm for working together with Autotalks to deliver global V2X solutions that will help bring this vital safety technology to market more quickly. Hagai Zyss, CEO of Autotalks, also expressed confidence in the collaboration, stating that the combined knowledge and expertise will deliver strong V2X products, enhance transportation efficiency and safety, and accelerate V2X adoption.
Hagai Zyss, CEO of Autotalks, added, “It has been our mission to revolutionize safety for the transportation and automotive industry through our V2X solutions. We are confident that by combining our knowledge and expertise, we will not only deliver strong V2X products that will enhance transportation efficiency and safety for road users but will accelerate widespread adoption of V2X. We look forward to serving the auto industry together with Qualcomm and to bring the best technologies to market.”
The acquisition has been met with support from a wide range of potential customers and industry leaders, including CARIAD (a Volkswagen Group company), Continental Automotive, General Motors, HARMAN, Quectel, Renault Group, Rolling Wireless, and Wistron NeWeb Corporation. These companies recognize the importance of V2X communication technologies for automotive safety and look forward to the advancements Qualcomm Technologies and Autotalks will bring to the market.
Qualcomm’s acquisition of Autotalks aligns with the company’s long-term focus on the automotive sector as a key customer base for its chips and related communications technology. With a growing demand for advanced safety features in autonomous and driver-assisted systems, this acquisition enables Qualcomm to strengthen its capabilities and product range in this crucial area.
TOP CARS: Mini Cooper Emerges as the Go-To Car for Teenagers
