Qualcomm to Acquire Israeli Auto Chip Maker
Summary
“The automotive industry continues to evolve at an unprecedented rate, driven by innovation and digital technologies,” Qualcomm said in a statement issued Monday. “Connectivity continues to play a pivotal role in the automotive industry’s digital transformation as it lays the foundation for next generation software-defined vehicles that will enable new business models while transforming the driving experience with new services, personalization and most importantly, safety.” “Designed to enable vehicles to communicate with one another and to their surrounding environment, vehicle-to-everything (V2X) communication technologies play an increasingly important role as they become critical sensors for automotive safety systems,” the company statement also said. The company provides automotive qualified dual-mode global V2X solutions compatible with multiple V2X standards that are designed to reduce collisions and improve mobility. Through the acquisition, the production-ready, dual mode, Autotalks standalone safety solutions will be incorporated into Qualcomm Technologies’ expanding Snapdragon Digital Chassis product portfolio, the company’s comprehensive set of cloud-connected automotive platforms. “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.