{"id":37669,"date":"2023-05-08T15:35:36","date_gmt":"2023-05-08T15:35:36","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/qualcomm-to-acquire-israeli\/"},"modified":"2023-05-08T15:38:59","modified_gmt":"2023-05-08T15:38:59","slug":"qualcomm-to-acquire-israeli","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/qualcomm-to-acquire-israeli\/","title":{"rendered":"Qualcomm to acquire Israeli auto-chip maker Autotalks"},"content":{"rendered":"<p>(Reuters) -Qualcomm Inc said on Monday that it would acquire Israel&#8217;s Autotalks Ltd, a maker of chips used in crash-prevention technology in vehicles, as the U.S. firm looks to expand its automotive-related business.<\/p>\n<p>The company did not disclose the terms of the deal but said Autotalk&#8217;s technology would be incorporated into its assisted and autonomous driving product, called Snapdragon Digital Chassis.<\/p>\n<p>Qualcomm said in September last year that its automotive business &#8220;pipeline&#8221;, or potential future orders, rose by more than $10 billion to $30 billion since its third-quarter results were announced in late July, as automakers increasingly equip their cars with driver-assistance systems.<\/p>\n<p>The company, which has credited the jump to its Snapdragon Digital Chassis product, competes with Intel&#8217;s Mobileye Global and Nvidia Corp for that slice of the market.<\/p>\n<p>Revenue from Qualcomm&#8217;s automotive business rose 20% to $447 million in the second quarter ended March 26.<\/p>\n<p>Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety.<\/p>\n<p> (Reporting by Sheena K Thomas and Shubham Kalia in Bengaluru, Stephen Nellis in San Francisco; additional reporting by Chavi Mehta; Editing by Rashmi Aich and Anil D&#8217;Silva)<\/p>\n<p><a href=\"https:\/\/lynettelockhart.com\/client\/qualcomm-to-acquire-israeli\/file-photo-file-photo-illustration-shows-qualcomm-logo\/\"><img decoding=\"async\" src=\"https:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ47069-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ47069-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Qualcomm Inc said on Monday that it would acquire Israel&#8217;s Autotalks Ltd, a maker of chips used in crash-prevention technology in vehicles, as the U.S. firm looks to expand its automotive-related business. The company did not disclose the terms of the deal but said Autotalk&#8217;s technology would be incorporated into its assisted and autonomous [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":37670,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-37669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ47069-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/37669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=37669"}],"version-history":[{"count":3,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/37669\/revisions"}],"predecessor-version":[{"id":38137,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/37669\/revisions\/38137"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/37670"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=37669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=37669"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=37669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}