Qualcomm is obtaining fabless Israel-dependent car chip maker Autotalks in a bid to add protection attributes to its Snapdragon Digital Chassis solution relatives and reinforce its semiconductor solution portfolio for the booming car or truck-to-cloud communications and autonomous-driving market.

The Snapdragon Electronic Chassis merchandise loved ones is created to give assisted and autonomous driving technological innovation, as very well as in-car or truck infotainment and cloud connectivity.

Autotalks has been doing the job on vehicle-to-everything (V2X) communications given that 2009, Qualcomm observed in its  announcement of the offer on Monday. The Israel-primarily based firm gives automotive dual-manner international V2X technologies compatible with various V2X benchmarks that are developed to lessen collisions and increase mobility, Qualcom claimed.

V2X technological know-how is designed to empower cars to connect with a single yet another and their surrounding ecosystem. V2X interaction systems play an increasingly crucial function as they grow to be essential sensors for automotive protection devices, Qualcomm famous.

“We have been investing in V2X investigation, development and deployment due to the fact 2017 and imagine that as the automotive market place matures, a standalone V2X protection architecture will be necessary for improved road user security, as nicely as clever transportation methods,” Nakul Duggal, general supervisor for automotive technological innovation, claimed in the Qualcomm announcement.

The economic conditions of the offer have been not uncovered, but dependent on Qualcomm’s current market capitalization, which quantities to additional than $120 billion,  the Jerusalem Publish believed that Qualcomm compensated $350 million to $400 million for the Israeli corporation. The $350 million-$400 million array for the offer was also cited by sources in a report by TechCrunch.  Qualcomm stated that it experienced entered into a definitive arrangement to acquire Autotalks, and that the transaction is subject to “customary closing ailments.”

Last September, Qualcomm stated that its automotive organization pipeline had enhanced to $30 billion, up much more than $10 billion in just two months, in accordance to a Reuters report.

The firm claimed the sizing of the automotive marketplace that it is targeting could improve to as massive as $100 billion by 2030.

Qualcomm has also announced an expanded partnership with Mercedes Benz Team AG, which will use the Snapdragon Cockpit for its in-auto infotainment method from this year.