Qualcomm Will Acquire Autotalks

Qualcomm Incorporated today announced that its subsidiary Qualcomm Technologies, Inc. has agreed to acquire Autotalks.

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The value of the acquisition is 350 - 400 million dollars!

The automotive industry continues to develop at a rapid pace thanks to innovation and digital technologies. Connectivity is enabling new business models to emerge. It also underpins the next generation of software-defined vehicles, enabling the delivery of personalized services that transform drivers' experiences. In addition, vehicles developed to improve driving safety consist of communication technologies designed to enable them to communicate with each other and their environment (V2X). V2X technologies and sensors critical to automotive safety systems are therefore expected to play an increasingly important role in the digital transformation of the automotive industry.

Autotalks has focused on V2X communication since 2009. It offers solutions designed for the automotive industry to reduce collisions and improve mobility. These solutions are based on global V2X solutions that are dual-mode and compatible with multiple V2X standards. Qualcomm's 20 years of automotive industry experience and commitment to V2X combined with Autotalks' expertise and industry-leading products. The aim is to improve traffic efficiency and contribute to the safety of drivers and road users. On the other hand, it also aims to accelerate the development and adoption of V2X solutions.