EU antitrust approval required for Qualcomm’s acquisition of Autotalks in Israel – One America News Network

Qualcomm, the US chipmaker, will need to obtain approval from the European Union (EU) for its acquisition of Autotalks, an Israeli auto-chip maker. Despite the deal falling below the EU’s turnover threshold, the European Commission has stated that antitrust approval is necessary due to the importance of the deal for original equipment manufacturers and others in need of vehicle-to-everything (V2X) semiconductors. The Commission highlighted the significance of V2X technology for road safety, traffic management, CO2 emissions reduction, and the deployment of autonomous vehicles. Several EU countries have requested the examination of the deal. Qualcomm has yet to respond to the news. Autotalks specializes in producing chips for V2X communications technology to enhance road safety.

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