The car trade is changing into an more and more essential marketplace for chipmakers akin to Qualcomm because the variety of electrical automobiles and vehicles geared up with superior driver help techniques (ADAS) grows.
American multination tech big Qualcomm Inc (NASDAQ: QCOM) is taking a look at increasing its footprint within the automotive enterprise by way of the acquisition of Autotalks, an Israeli agency that makes a speciality of producing chips utilized in automobile crash prevention applied sciences.
Qualcomm announced on Monday that it could embody Autotalks’ options in its Snapdragon Digital Chassis product portfolio. Notably, the Snapdragon Digital Chassis can be utilized to allow in-car infotainment and cloud connectivity.
In keeping with reports, Qualcomm acknowledged final yr that its automotive enterprise “pipeline” has grown to $30 billion, recording a rise of greater than $10 billion since a late July disclosure.
Qualcomm is a multinational technological enterprise that creates semiconductors, software program, and different associated merchandise. Along with its deal with cellular applied sciences, Qualcomm additionally has a big presence within the automotive and networking industries, offering options for areas akin to related vehicles, synthetic intelligence, and 5G networks.
However, Autotalks makes a speciality of growing communication chips and software program designed particularly for the automotive trade. The corporate’s expertise is primarily utilized in vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication techniques that enable vehicles to speak with one another and with roadside infrastructure in actual time.
Finally, this acquisition would enable Qualcomm to supply a broader alternative of options to automakers and increase its competitiveness within the increasing marketplace for related and autonomous automobiles.
“We now have been investing in V2X analysis, improvement and deployment since 2017 and consider that because the automotive market matures, a standalone V2X security structure will likely be wanted for enhanced highway consumer security, in addition to good transportation techniques,” stated Nakul Duggal, senior vp & GM, automotive, Qualcomm Applied sciences, Inc. “We share Autotalks’ decades-long expertise and dedication to construct V2X applied sciences and merchandise with a deal with fixing real-world highway consumer security challenges,” added he.
Qualcomm Autotalks Acquisition: New Focus for Chip Makers
The car trade is changing into an more and more essential marketplace for chipmakers akin to Qualcomm because the variety of electrical automobiles and vehicles geared up with superior driver help techniques (ADAS) grows.
Markedly, these techniques rely considerably on digital elements akin to semiconductors and microchips, which energy sensors, and cameras within the automobile. Because of this, automakers are investing extra in digital and digital expertise to stay aggressive and fulfill altering buyer calls for, leading to a rise in chip demand.
Moreover, the rise of electrical and self-driving automobiles has opened up new alternatives for chipmakers to ship options in essential areas like battery administration, energy electronics, and connectivity.
In keeping with forecasts, the trade is predicted to develop extra within the coming years because the pattern towards electrification and automation accelerates. This projected development has been cited as one more constructive level within the acquisition deal between Qualcomm and Autotalks.
Qualcomm shares pared off some losses following the announcement, they’re down 0.13% within the pre-market to $108.64
Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the true life purposes of blockchain expertise and improvements to drive basic acceptance and worldwide integration of the rising expertise. His needs to coach folks about cryptocurrencies evokes his contributions to famend blockchain primarily based media and websites. Benjamin Godfrey is a lover of sports activities and agriculture.