March 25, 2024 /SemiMedia/ -- Qualcomm recently announced that it had terminated its Autotalks acquisition offer announced in May 2023.

Autotalks is an Israeli fabless semiconductor company that has been working on V2X communications since 2009. The company provides car-grade dual-mode global V2X solutions that are compatible with multiple V2X standards, aiming to reduce vehicle collisions and improve the travel experience.

"Due to the failure to obtain timely regulatory approval, we have terminated the transaction to acquire Autotalks. Automotive is a very important vertical for Qualcomm, and we remain fully committed to our product roadmap, customers and partners," Qualcomm said in a statement.