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Search resuls for: "Autotalks"


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UK's CMA says examining Qualcomm's buyout of Israel's Autotalks
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +1 min
Autotalks and Qualcomm logos are seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsCompanies Autotalks Ltd FollowQualcomm Inc FollowSept 29 (Reuters) - Britain's antitrust regulator on Friday said it was examining whether Qualcomm's (QCOM.O) purchase of Israeli auto-chip maker Autotalks would lessen competition in the UK market. Qualcomm had said it would acquire Autotalks, a maker of chips used in crash-prevention technology in vehicles, but had not disclosed the terms of the deal. Autotalks, which makes dedicated chips used in the V2X communications technology sector for manned and driverless vehicles, would help Qualcomm expand its automotive business. Qualcomm and Autotalks did not immediately respond to Reuters' request for comment.
Persons: Dado Ruvic, Autotalks, Eva Mathews, Rashmi Aich, Dhanya Ann Thoppil Organizations: Qualcomm, REUTERS, Markets Authority, Politico, U.S . Federal Trade Commission, Reuters, Thomson Locations: Bengaluru
Autotalks and Qualcomm logos are seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 22 (Reuters) - The U.S. Federal Trade Commission (FTC) is expected to open an in-depth probe on Wednesday of Qualcomm’s (QCOM.O) purchase of Israeli auto-chip maker Autotalks, Politico reported on Tuesday, citing people familiar with the matter. In May, Qualcomm had said it would acquire Israel's Autotalks Ltd, a maker of chips used in crash-prevention technology in vehicles, but had not disclosed the terms of the deal. Autotalks, which makes dedicated chips used in the V2X communications technology sector for manned and driverless vehicles, would help Qualcomm expand its automotive-related business. Qualcomm, Autotalks and the FTC did not immediately respond to requests for comment.
Persons: Dado Ruvic, Autotalks, Granth, Maju Samuel Organizations: Qualcomm, REUTERS, U.S . Federal Trade Commission, Politico, Israel's Autotalks, EU, Autotalks, FTC, Thomson Locations: France, Ireland, Italy, Netherlands, Poland, Spain, Sweden, Bengaluru
EU to assess Qualcomm's planned takeover of Israel's Autotalks
  + stars: | 2023-08-18 | by ( ) www.reuters.com   time to read: +1 min
Autotalks and Qualcomm logos are seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Qualcomm Inc FollowBRUSSELS, Aug 18 (Reuters) - The European Commission said on Friday it would carry out a regulatory assessment of Qualcomm's (QCOM.O) planned takeover of Israel's Autotalks. Qualcomm cannot implement the transaction before notifying and obtaining clearance from the Commission," the European Commission said in a statement. Qualcomm announced the planned takeover in May as the U.S. company looks to expand its automotive-related business. Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology sector for manned and driverless vehicles, with a view to improving road safety.
Persons: Dado Ruvic, Autotalks, Sudip Kar, Jason Neely Organizations: Qualcomm, REUTERS, European, European Commission, Thomson Locations: Israel's, U.S
Qualcomm to acquire Israeli auto-chip maker Autotalks
  + stars: | 2023-05-08 | by ( ) www.reuters.com   time to read: +1 min
Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety. The company had credited the jump to its Snapdragon Digital Chassis product used by car makers and their suppliers. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. Qualcomm on Monday said it would incorporate Autotalks' solutions into Snapdragon Digital Chassis product portfolio, but did not elaborate on the financials of the deal. The acquisition will be made through its unit Qualcomm Technologies, Qualcomm added.
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