Illustration: Eniola Odetunde/AxiosQualcomm on Monday said it has agreed to buy Autotalks, an Israeli maker of “vehicle-to-everything” communications chips, with a focus on preventing crashes.Why it matters: This reflects how big chipmakers continue to view vehicles as a key growth area, given increased automation and complexity. For Qualcomm, that’s reflected in a 33% revenue increase for its auto segment between fiscal 2021 and fiscal 2022, and a September announcement that its auto “pipeline” had ballooned to $30 billion.ROI: No financial terms were disclosed, but TechCrunch reports a sale price of between $350 million and $400 million. Autotalks had raised around $110 million in VC funding from firms like Samsung, Toyota, Magenta Venture Partners, Vintage Investment Partners, Gemini Israel Ventures, Global Investment Group and Liberty Ventures. More, per TechCrunch: “Autotalks’ tech is used in sensors that help vehicles (which can be bikes, cars or another form of mobility) and their drivers detect road hazards such as oncoming vehicles in a driver’s blind spots; it also communicates with other vehicles using compatible tech to improve responsiveness.”Go deeper
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Qualcomm buying Israeli startup to help prevent car crashes – Axios
