Qualcomm is shopping for auto-safety chipmaker Autotalks

Qualcomm has agreed to acquire an Israeli fabless chipmaker referred to as Autotalks, and based on TechCrunch, the deal will value the corporate round $350 to $400 million. Autotalks creates chips and vehicle-to-everything (V2X) communication applied sciences devoted in direction of boosting street security for each extraordinary and driverless autos. In its announcement, Qualcomm stated that Autotalks’ “production-ready, twin mode, standalone security options” might be integrated into the Snapdragon Digital Chassis, its set of cloud-connected assisted and autonomous driving applied sciences.

Nakul Duggal, senior VP of automotive for Qualcomm Applied sciences, Inc., stated in an announcement: “We now have been investing in V2X analysis, growth and deployment since 2017 and imagine that because the automotive market matures, a standalone V2X security structure might be wanted for enhanced street person security, in addition to good transportation system… We share Autotalks’ decades-long expertise and dedication to construct V2X applied sciences and merchandise with a deal with fixing real-world street person security challenges. We sit up for working collectively to ship world V2X options that can assist speed up time-to-market and allow mass market adoption of this crucial security know-how.”

For makers of driverless and driver-assisted autos and techniques, guaranteeing those who their applied sciences are secure is of utmost significance in the event that they wish to win them over. They might have to supply security options that may assuage folks’s fears so as to get forward of their rivals, since most individuals remain apprehensive about self-driving automobiles.

Qualcomm expects the automotive industry to be one in all its largest sources of progress and income over the approaching years. At CES final 12 months, it unveiled the Snapdragon Ride Vision platform, which is an “open, scalable and modular” tech automakers can use to construct automobiles. And in late 2022, it stated its automotive enterprise pipeline, or its revenue-generating alternatives, had jumped to $30 billion from the $10 billion it introduced throughout its earlier earnings report. The corporate additionally stated again then that it estimates its automotive enterprise income to hit $4 billion by fiscal 12 months 2026. It credited the Snapdragon Digital Chassis for the growth of its future enterprise alternatives, and Autotalks’ acquisition may develop its buyer base and shopper choices even additional.

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