Qualcomm is obtaining fabless Israel-based vehicle chip maker Autotalks in a quote to add security features to its Snapdragon Digital Chassis item family and reinforce its semiconductor item portfolio for the booming car-to-cloud communications and autonomous-driving market.The Snapdragon Digital Chassis item family is created to supply assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity.Autotalks has actually been working on vehicle-to-everything(V2X)communications because 2009, Qualcomm noted in its statement of the offer on Monday. The Israel-based company provides vehicle dual-mode worldwide V2X technology suitable with multiple V2X requirements that are developed to reduce crashes and improve movement, Qualcom said.V2X innovation is developed to allow vehicles to communicate with one another and their surrounding environment. V2X communication innovations play a progressively essential role as they become crucial sensors for automobile security systems, Qualcomm kept in mind.”We have actually been buying V2X research study, development and deployment considering that 2017 and believe that as the vehicle market develops, a standalone V2X safety architecture will be required for enhanced road user safety, along with clever transport systems,” Nakul Duggal, general manager for vehicle innovation, said in the Qualcomm announcement.The monetary terms of the offer were not exposed, however based upon Qualcomm’s market capitalization, which totals up to more than$120 billion, the Jerusalem Post approximated
that Qualcomm paid$350 million to$400 million for the Israeli business. The$350 million-$400 million variety for the deal was also cited by sources in a report by TechCrunch. Qualcomm stated that it had actually participated in a definitive contract to get Autotalks, and that the transaction goes through “customary closing conditions.”Last September, Qualcomm said that its vehicle service pipeline had actually increased to $30 billion, up more than $10 billion in simply 2 months, according to a Reuters report. The company said the size of the automotive market that it is targeting might grow to as big as$100 billion by 2030. Qualcomm has also revealed an expanded
partnership with Mercedes Benz Group AG, which will use the Snapdragon Cockpit for its in-car infotainment system from this year. Copyright © 2023 IDG Communications, Inc. Source
