Chipmaker Qualcomm said Monday (May 8) that it would buy Israeli firm Autotalks in a bid to broaden Qualcomm’s automotive business.
Autotalks makes chips that are designed specifically for what it terms “vehicle to everything” (V2X) connectivity for manned and autonomous vehicles. The chips are focused on improving vehicle safety and preventing accidents. The chips themselves help enable data and information flows that in turn can help alert drivers (and the vehicles themselves) to obstructions and other hazards on the road.
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The financial terms of the deal were not disclosed, although reports, including one from TechCrunch, said the purchase price was within the $350 million to $400 million range. Qualcomm, for its part, said Autotalks’ technologies would be folded into its Snapdragon Digital Chassis, its cloud-based offerings that are also focused on automotive connectivity (including infotainment inside the car) and safety.
In September, Qualcomm said its automotive business “pipeline” increased to $30 billion. That tally was up by more than $10 billion in roughly three months.
