: Qualcomm boosting auto chip holdings with Autotalks acquisition


Qualcomm Inc. QCOM said Monday it agreed to buy Israel-based auto chip maker Autotalks to strengthen its portfolio of Snapdragon chips for automakers. While Qualcomm did not provide an amount, the company is reportedly paying $350 million to $400 million for the company, according to TechCrunch, citing unnamed sources. Autotalks specializes in “vehicle-to-everything,” or V2X, communication technologies that are intended to reduce collisions and improve mobility, Qualcomm said. Recently, Qualcomm reported that second-quarter auto chip sales rose 20% to $447 million from a year ago. Autotalks has already received $100 million…

This article was originally published by Marketwatch.com. Read the original article here.

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