EU to assess Qualcomm’s planned takeover of Israel’s Autotalks

BRUSSELS (Reuters) – The European Fee mentioned on Friday it will perform a regulatory evaluation of Qualcomm’s deliberate takeover of Israel’s Autotalks.

“The Fee has requested Qualcomm to inform the transaction. Qualcomm can’t implement the transaction earlier than notifying and acquiring clearance from the Fee,” the European Fee mentioned in an announcement.

Qualcomm introduced the deliberate takeover in Could because the U.S. firm seems to be to increase its automotive-related enterprise.

Autotalks makes devoted chips used within the vehicle-to-everything (V2X) communications expertise sector for manned and driverless automobiles, with a view to enhancing street security.

(Reporting by Sudip Kar-Gupta; modifying by Jason Neely)

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