Qualcomm ends bid to buy Israel’s Autotalks after antitrust probe

Qualcomm on Friday talked about it has terminated its present an explanation for to impress Autotalks, an Israeli firm that makes communications chips to support prevent car crashes.

Qualcomm, which is top known for its mobile phone chips nonetheless has built an intensive car chip commerce, had talked about it would maybe maybe presumably affect the firm closing yr. The U.K.’s high antitrust regulator talked about in February it changed into opening a probe into the deal.

“Qualcomm has terminated the transaction to impress Autotalks as a end result of lack of regulatory approvals in a well timed manner,” Qualcomm talked about in a press birth. “Car is a extremely well-known vertical for Qualcomm and we remain fully committed to our product roadmap, our customers and our companions.”