Qualcomm to acquire Israeli auto-chip maker Autotalks
Summary
With increasing electric vehicles and automatic features in cars, the number of chips used by automakers is surging, making the automotive market a key growth area for chipmakers. Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. Qualcomm on Monday said it would incorporate Autotalks solutions into Snapdragon Digital Chassis product portfolio, but did not elaborate on the financials of the deal. (Reporting by Sheena K Thomas and Shubham Kalia in Bengaluru, Stephen Nellis in San Francisco; Editing by Rashmi Aich)