Qualcomm’s subsidiary, Qualcomm Technologies has signed a definitive agreement to acquire Autotalks.
The transaction is subject to customary closing conditions.
The combination of Autotalks’ expertise and industry-leading products with Qualcomm’s 20 years of automotive industry experience and commitment to V2X aims to help accelerate the development and adoption of V2X solutions to improve traffic efficiency and help with driver and road user safety.
Through the acquisition, the production-ready, dual-mode, Autotalks standalone safety solutions will be incorporated into Qualcomm Technologies’ expanding Snapdragon® Digital Chassis product portfolio, the company’s comprehensive set of cloud-connected automotive platforms.
“We have been investing in V2X research, development and deployment since 2017 and believe that as the automotive market matures, a standalone V2X safety architecture will be needed for enhanced road user safety, as well as smart transportation systems,” said Nakul Duggal, senior vice president & GM, automotive, Qualcomm Technologies, Inc. “We share Autotalks’ decades-long experience and commitment to build V2X technologies and products with a focus on solving real-world road user safety challenges. We look forward to working together to deliver global V2X solutions that will help accelerate time-to-market and enable mass market adoption of this very important safety technology.”
“It has been our mission to revolutionize safety for the transportation and automotive industry through our V2X solutions,” said Hagai Zyss, CEO of Autotalks. “We are confident that by combining our knowledge and expertise, we will not only deliver strong V2X products that will enhance transportation efficiency and safety for road users but will accelerate the widespread adoption of V2X. We look forward to serving the auto industry together with Qualcomm and to bring the best technologies to market.”
The broad spectrum of potential customers and industry leaders have voiced positive support for this acquisition.
“We’re working closely with Qualcomm Technologies to power our next-generation vehicles with cutting-edge technology and hardware enabling premium experiences in the space of automated driving for our customers,” said Dirk Hilgenberg, chief executive officer, CARIAD, a Volkswagen Group company. “In this space, vehicle-to-everything (V2X) communication technologies are increasingly important and essential to ensure the safety of automotive systems, so we welcome these joint efforts.”
“At Continental, we remain committed to developing safe and innovative automotive connectivity solutions that pave the way for future mobility,” said Douglas Cochrane, Head of Product line telematics at Continental Automotive. “We look forward to working alongside both Qualcomm Technologies and Autotalks to not only advance intelligent mobility for the industry but to help make driving safer and more efficient with V2X technologies.”
“Qualcomm Technologies is a longtime and strong technology partner of Quectel in the automotive sector where we have worked closely to advance communication technologies for years,” said Norbert Muhrer, president and CSO of Quectel. “We believe Qualcomm Technologies’ continued expansion of V2X solutions will help enhance safety for all on roadways. We congratulate Qualcomm on their Autotalks acquisition and look forward to extending the strong working relationship we have with Qualcomm Technologies to Autotalks.”
Autotalks is a fabless semiconductor company that has been dedicated to V2X communications since 2009.
The company provides automotive-qualified dual-mode global V2X solutions compatible with multiple V2X standards that are designed to reduce collisions and improve mobility.
