BRUSSELS — The European Fee 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.
Qualcomm introduced the deliberate takeover in Might because the U.S. firm seems to develop 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 bettering street security.