USA-based Qualcomm Technologies, Inc, a subsidiary of Qualcomm Incorporated, entered into a definitive agreement to acquire AutoTalks, the Israel-based fabless semiconductor company. The company announced the acquisition on May 8, 2023. However, the agreement is subject to customary closing conditions. Besides, the company did not disclose the amount of the transaction.
Purpose of acquisition by Qualcomm Technologies
The integration of Autotalks’ expertise as well as industry-leading products and Qualcomm’s 20 years of automotive industry experience and commitment, aids in accelerating the development and adoption of V2X solutions.
The production-ready, dual-mode, Autotalks standalone safety solutions are to be incorporated into Qualcomm Technologies’ expanding Snapdragon® Digital Chassis product portfolio, the company’s comprehensive set of cloud-connected automotive platforms.
What the Qualcomm Technologies’ official has to say
Nakul Duggal, senior vice president & GM automotive, Qualcomm Technologies, Inc, said, “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. We share Autotalks’ decades-long experience and commitment to building V2X technologies and products with a focus on solving real-world road user safety challenges. We look forward to working together to deliver global V2X solutions that will help accelerate time-to-market and enable mass market adoption of this very important safety technology.”
What the AutoTalks official has to add
Hagai Zyss, CEO of Autotalks, further 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 the widespread adoption of V2X. We look forward to serving the auto industry together with Qualcomm and bringing the best technologies to market.”
What the companies customers and experts have to add
In addition, Dirk Hilgenberg, chief executive officer of CARIAD, a Volkswagen Group company, said, “We’re working closely with Qualcomm Technologies to power our next-generation vehicles with cutting-edge technology and hardware enabling premium experiences in the space of automated driving for our customers. In this space, vehicle-to-everything (V2X) communication technologies are increasingly important and essential to ensure the safety of automotive systems, so we welcome these joint efforts.”
Besides, Douglas Cochrane, head of product line telematics at Continental Automotive, said, “At Continental, we remain committed to developing safe and innovative automotive connectivity solutions that pave the way for future mobility. We look forward to working alongside both Qualcomm Technologies and Autotalks to not only advance intelligent mobility for the industry but to help make driving safer and more efficient with V2X technologies.”
About AutoTalks
In 2008, Onn Haran launched the company AutoTalks. The Israel-based firm is a fabless semiconductor company devoted to vehicle-to-everything (V2X) communications for manned and autonomous vehicles.
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