Qualcomm is buying fabless Israel-based car chip maker Autotalks in a bid so as to add security options to its Snapdragon Digital Chassis product household and strengthen its semiconductor product portfolio for the booming car-to-cloud communications and autonomous-driving market.
The Snapdragon Digital Chassis product household is designed to offer assisted and autonomous driving expertise, in addition to in-car infotainment and cloud connectivity.
Autotalks has been engaged on vehicle-to-everything (V2X) communications since 2009, Qualcomm famous in its announcement of the deal on Monday. The Israel-based firm offers automotive dual-mode international V2X expertise appropriate with a number of V2X requirements which might be designed to cut back collisions and enhance mobility, Qualcom mentioned.
V2X expertise is designed to allow autos to speak with each other and their surrounding surroundings. V2X communication applied sciences play an more and more essential position as they turn into vital sensors for automotive security methods, Qualcomm famous.
“Now we have been investing in V2X analysis, improvement and deployment since 2017 and consider that because the automotive market matures, a standalone V2X security structure might be wanted for enhanced highway consumer security, in addition to good transportation methods,” Nakul Duggal, basic supervisor for automotive expertise, mentioned within the Qualcomm announcement.
The monetary phrases of the deal weren’t revealed, however primarily based on Qualcomm’s market capitalization, which quantities to greater than $120 billion, the Jerusalem Put up estimated that Qualcomm paid $350 million to $400 million for the Israeli firm. The $350 million-$400 million vary for the deal was additionally cited by sources in a report by TechCrunch. Qualcomm mentioned that it had entered right into a definitive settlement to amass Autotalks, and that the transaction is topic to “customary closing situations.”
Final September, Qualcomm mentioned that its automotive enterprise pipeline had elevated to $30 billion, up greater than $10 billion in simply two months, based on a Reuters report.
The corporate mentioned the scale of the automotive market that it’s concentrating on might develop to as massive as $100 billion by 2030.
Qualcomm has additionally introduced an expanded partnership with Mercedes Benz Group AG, which is able to use the Snapdragon Cockpit for its in-car infotainment system from this 12 months.
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