The competition in the processor market continues at full speed. As ARM-based mobile processors begin to take over the PC market, companies are doing everything they can to strengthen their positions. In line with this, Qualcomm has announced its plans to acquire Israeli auto-chip manufacturer Autotalks. Here are the details…
Qualcomm Acquires Autotalks: A Step Forward in Automotive Technology
Qualcomm, already one of the most successful companies in its field due to its current technologies, continues to take strategic steps to remain competitive in the market. For example, a few years ago, Qualcomm acquired an automotive tech company called Veoneer for $4.5 billion. Now, they have taken another step in this area.
Recently, the company announced plans to acquire Israeli auto-chip maker Autotalks. This strategic move aims to enhance Qualcomm‘s automotive portfolio and capitalize on the growing demand for advanced driver-assistance systems. With the increasing prevalence of electric vehicles and autonomous features in cars, the number of chips used by automobile manufacturers is rising, turning the automotive market into a significant growth area for chip producers.
Autotalks manufactures specialized chips used in vehicle-to-everything (V2X) communication technology for both manned and driverless vehicles, with the aim of enhancing road safety. Nakul Duggal, Senior Vice President of Automotive at Qualcomm Technologies, said in a statement, “Since 2017, we have been investing in V2X research, development, and deployment, and as the automotive market matures, we believe there will be a need for a standalone V2X security architecture for advanced driver safety and intelligent transportation systems.”
Last year, Qualcomm reported that its automotive business volume increased by over $10 billion, reaching $30 billion. The company attributes this surge to the Snapdragon Digital Chassis product used by car manufacturers and suppliers. Snapdragon Digital Chassis can provide both assisted and autonomous driving technology, as well as in-vehicle infotainment and cloud connectivity. It was announced that Autotalks’ solutions will be incorporated into the Snapdragon Digital Chassis portfolio. No financial details about the acquisition have been disclosed yet.
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