Qualcomm's acquisition of Israel-based Autotalks, estimated to be valued at $350 million to $400 million, is meant to bolster the Snapdragon Digital Chassis product line for vehicle-to-everything (V2X) communications. Credit: Ann Singer Qualcomm is acquiring fabless Israel-based automobile chip maker Autotalks in a bid to add safety features to its Snapdragon Digital Chassis product family and strengthen its semiconductor product portfolio for the booming car-to-cloud communications and autonomous-driving market. The Snapdragon Digital Chassis product family is designed to provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. Autotalks has been working on vehicle-to-everything (V2X) communications since 2009, Qualcomm noted in its announcement of the deal on Monday. The Israel-based company provides automotive dual-mode global V2X technology compatible with multiple V2X standards that are designed to reduce collisions and improve mobility, Qualcom said. V2X technology is designed to enable vehicles to communicate with one another and their surrounding environment. V2X communication technologies play an increasingly important role as they become critical sensors for automotive safety systems, Qualcomm noted. “We have been investing in V2X research, development and deployment since 2017 and believe that as the automotive market matures, a standalone V2X safety architecture will be needed for enhanced road user safety, as well as smart transportation systems,” Nakul Duggal, general manager for automotive technology, said in the Qualcomm announcement. The financial terms of the deal were not revealed, but based on Qualcomm’s market capitalization, which amounts to more than $120 billion, the Jerusalem Post estimated that Qualcomm paid $350 million to $400 million for the Israeli company. The $350 million-$400 million range for the deal was also cited by sources in a report by TechCrunch. Qualcomm said that it had entered into a definitive agreement to acquire Autotalks, and that the transaction is subject to “customary closing conditions.” Last September, Qualcomm said that its automotive business pipeline had increased to $30 billion, up more than $10 billion in just two months, according to a Reuters report. The company said the size of the automotive market that it is targeting could grow to as large as $100 billion by 2030. Qualcomm has also announced an expanded partnership with Mercedes Benz Group AG, which will use the Snapdragon Cockpit for its in-car infotainment system from this year. Related content how-to Compressing files using the zip command on Linux The zip command lets you compress files to preserve them or back them up, and you can require a password to extract the contents of a zip file. By Sandra Henry-Stocker May 13, 2024 4 mins Linux news High-bandwidth memory nearly sold out until 2026 While it might be tempting to blame Nvidia for the shortage of HBM, it’s not alone in driving high-performance computing and demand for the memory HPC requires. By Andy Patrizio May 13, 2024 3 mins CPUs and Processors High-Performance Computing Data Center opinion NSA, FBI warn of email spoofing threat Email spoofing is acknowledged by experts as a very credible threat. By Sandra Henry-Stocker May 13, 2024 3 mins Linux how-to Download our SASE and SSE enterprise buyer’s guide From the editors of Network World, this enterprise buyer’s guide helps network and security IT staff understand what Secure Access Service Edge (SASE) and Secure Service Edge) SSE can do for their organizations and how to choose the right solut By Neal Weinberg May 13, 2024 1 min SASE Remote Access Security Network Security PODCASTS VIDEOS RESOURCES EVENTS NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe