Announced acquisition of Israeli automotive safety chip design company in May 2023auto talks, in order to strengthen its profitability in the smart car market, Qualcomm earlier said that this transactionHas been completed.
However, Qualcomm still did not disclose the amount involved in this transaction, while previous news indicated that the transaction amount may be between US$3.5 million and US$4 million.
Following the completion of the Autotalks acquisition, Qualcomm will use it to enhance the connectivity capabilities of its Snapdragon Digital Chassis platform, thereby improving the safety of smart vehicles and achieving compatibility with DSRC dedicated short-range communications and C-V2X standards. This will allow smart vehicles designed using the Snapdragon Digital Chassis platform to accommodate connected vehicle applications and services worldwide.
At the same time, Autotalks' former CEO Hagai Zyss will join Qualcomm after the acquisition is completed and serve as vice president of product management to ensure the continued progress of Autotalks' current DSRC and C-V2X standard design projects.
