Tech Qualcomm to acquire Israeli auto-chip maker By Reuters May 9, 2023 REUTERS/Yves Herman Autotalk's technology will be incorporated into Qualcomm's Snapdragon Digital Chassis Qualcomm is to acquire Israel’s Autotalks, a maker of chips used in crash-prevention technology, as the US firm looks to expand its automotive business. The company did not disclose the terms of the deal but said the Autotalks technology would be incorporated into its assisted and autonomous driving product, Snapdragon Digital Chassis. Qualcomm said last September that its automotive business pipeline – potential future orders – rose by more than $10 billion to $30 billion since its third-quarter results were announced in late July, as car makers increasingly equip their cars with driver-assistance systems. The company, which has credited the jump to Snapdragon, competes with Intel’s Mobileye Global and Nvidia Corp for that slice of the market. Revenue from Qualcomm’s automotive business rose 20 percent to $447 million in the second quarter to March 26. Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety.
