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Qualcomm (QCOM) to acquire Autotalks in bid to expand automotive business

May 8, 2023 8:23 AM EDT

Qualcomm Inc. (NASDAQ: QCOM) announced Monday that the chip designer would be buying Israel's Autotalks Ltd as the U.S. firm looks to deepen its automotive business. Autotalks makes chips used in technology aimed at preventing vehicle crashes.

Autotalks makes dedicated chips used in the... More