Israel: U.S. chip designer Qualcomm to buy Autotalks

U.S. chip designer Qualcomm has recently signed an agreement to acquire the Israeli car communications company Autotalks.

The amount of the deal, carried out through Qualcomm’s subsidiary Qualcomm Technologies, was not revealed, but was estimated by several Israeli media at around 350 million U.S. dollars.

Autotalks is a semiconductor chip company that developed V2X (vehicle-to-everything) communications solutions to reduce collisions and improve mobility.

This includes communications chips between vehicles, as well as with other objects in the road environment such as infrastructure, traffic lights, road signs and two-wheelers.

In late 2022, Autotalks signed an agreement to install its chips on German highways, allowing drivers to receive a digital alert a kilometer ahead of a roadwork zone.

The company also demonstrated last month together with Volkswagen, Bosch eBike Systems, and Commsignia companies how V2X technology can prevent collisions between cars and electric bikes.

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