Qualcomm Acquires Autotalks to Advance V2X and Road Safety

QUALCOMM Incorporated (NASDAQ:QCOM) announced that its subsidiary, Qualcomm Technologies, Inc., has completed its acquisition of Autotalks, a leading provider of vehicle-to-everything (V2X) communication solutions. V2X technology allows vehicles to communicate directly with their surroundings, playing a key role in improving road safety and traffic efficiency.

With this acquisition, automakers and industry partners will gain access to a full suite of ready-to-deploy, automotive-grade V2X solutions designed for use in vehicles, roadside infrastructure, and even two-wheelers. These tools aim to address safety and traffic challenges while supporting the development of advanced safety features and enhanced experiences in assisted and automated driving for next-generation vehicles.

Nakul Duggal, Group GM, Automotive and Industrial & Embedded IoT, Qualcomm Technologies, Inc., made the following comment:

“We are thrilled to welcome Autotalks’ highly skilled and experienced team to Qualcomm Technologies. As automotive systems grow more complex, the importance of safety features has never been higher. Together, we will deliver reliable, cutting-edge solutions to enhance road safety and optimize traffic efficiency. We’ve been investing in V2X technologies since 2017, recognizing their potential to improve road safety. This acquisition is a strategic step in our ongoing efforts, advancing V2X solutions further for connected and automated vehicles, while driving global deployment, and strengthening our Snapdragon^® Digital Chassis^™ product portfolio.”

Founded in 2008, Autotalks is a fabless semiconductor company that created the first dedicated V2X chipset and continues to lead the market with its advanced, innovative technologies.

QCOM has surged by nearly 6% in the past month.

While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: Why These Energy Stocks Are Losing This Week and 20 Best Dividend Growth Stocks with High Yields

Disclosure. None.