Qualcomm Technologies continues to invest in the automotive sector with the acquisition of Autotalks (8) this Monday. It is a chip manufacturer in Israel that also works with semiconductor and ship system technology for road safety. The deal was closed for between $350 million and $400 million, but the exact amount has not been confirmed by any of the companies at the time of this writing.

Autotalks technology is used in any vehicle (including bicycles) and warns users of traffic hazards such as vehicles approaching their blind spot. He also interacts with others to provide a more responsive response, leading everyone to a safer ecosystem on the track.

According to Qualcomm itself, the plan is to integrate Autotalks V2X communications into its mobility-focused portfolio of Snapdragon digital chassis. The startup has been on the market for 14 years, was founded in 2009 and raised $110 million, according to Pitchbook. Among the supporters and investors of his projects were Samsung, Hyundai and Toyota.

Assistance in safe driving

Nakul Duggal, senior vice president and general manager of Qualcomm Automotive, says both companies have plans to grow. “We have been investing in V2X R&D since 2017 and believe that as the automotive market evolves, V2X security architecture will be needed to improve what we assure users as well as intelligent transportation systems. Autotalks and its commitment to building V2X technologies and products with a focus on solving real-life and security issues that users may have, we plan to work together to provide solutions based on this technology in a global format, which will help speed up its turnaround time and adoption across market. for this important innovation.

Autotalks CEO Hagai Ziss says their mission will continue. “Our mission was to revolutionize safety for the transport and automotive industries with our V2X solutions. We are confident that by combining our knowledge and experience, we will not only create reliable products that increase efficiency for our users, but also accelerate the widespread adoption of V2X. We will work together with Qualcomm to serve the automotive industry and bring the best technologies to market.”

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Source: TechCrunch

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