Qualcomm to Acquire Autotalks

8 May, 2023

Autotalks iprovides dual-protocol V2X communications chips. Financial terms were not disclosed. Industrey estimations: the price is $350 million

Qualcomm Incorporated announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire Israel-based Autotalks. The transaction is subject to customary closing conditions. Financial terms were not disclosed, but Israeli business newspaper Themarker, mentioned estimations of approximately $350 millions price. Autotalks is a fabless semiconductor company that has developed dual-protocol V2X (Vehicle to Everything) communications chips.

V2X technology is a direct communication between vehicles and other road users, such as vehicles, micromobility, pedestrians, and infrastructure. It allows vehicles to share information about their speed, location, and direction, as well as receive real-time information about road conditions. This enables vehicles to mitigate a collision even with hidden risks. The company was founded in 2009 and has developed three generations of V2X SoCs.

Autotalks chips support both the original DSRC protocol and the C-V2X (Cellular V2X) protocol promoted by Qualcomm. The later uses cellular communication technologies (such as LTE and 5G) to transmit the data between vehicles and other devices. C-V2X direct communication does not require a base station to operate. Lately Autotalks revealed that its 3rd chipsets, TEKTON3 and SECTON3, are the first in the world which support 5G-V2X. “They have already been awarded for series production of a passenger car by a major automotive OEM. The first cars equipped with the new chipsets are set to be available in 2025.”

During 2021, Autotalks has doubled its backlog orders in 2021 to $200 million. It has six automotive OEMs clients and an earlier win of Volkswagen’s next generation Telematics platform. According to Markets and Markets, the Global automotive V2X marlet valued at $2.6 billion in 2022 and is expected to reach $19.5 billion by 2028. But while most regulators are adopting the C-V2X protocol, the European regulators prefer the DSRC protocol.

Following the completion of the acquisition, Autotalks’ dual mode standalone safety solutions will be incorporated into Qualcomm Technologies’ Snapdragon Digital Chassis product portfolio.


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