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The company did not disclose the terms of the deal but said Autotalk’s technology would be incorporated into its assisted and autonomous driving product, called Snapdragon Digital Chassis.
Qualcomm (NASDAQ:QCOM) said in September last year that its automotive business “pipeline”, 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.
The company, which has credited the jump to its Snapdragon Digital Chassis product, competes with Intel (NASDAQ:INTC)’s Mobileye Global and Nvidia (NASDAQ:NVDA) Corp for that slice of the market.
Revenue from Qualcomm’s automotive business rose 20% to $447 million in the second quarter ended March 26.
Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety.
