Qualcomm is expected to pay up to $400M to acquire Autotalks, an Israeli startup that makes chips for technology designed to prevent car crashes.
Qualcomm would integrate Autotalks' solutions into its Snapdragon Digital Chassis product portfolio for assisted and autonomous driving technology.
Autotalks specializes in chips and vehicle-to-everything communication technologies aimed at increasing road safety for both manned and self-driving vehicles.
- Its technology works with sensors to help vehicles detect road hazards and communicate with other cars.
- It would be incorporated in the Snapdragon Digital Chassis, Qualcomm's platform used by car makers and suppliers that also enables cloud connectivity and in-car infotainment.
- While the financial terms of the deal weren't made public, a source told TechCrunch that it's worth between $350M and $400M.
The auto industry represents a significant growth area for chipmakers due to the rising number of chips required for EVs and automatic car features.
