The European Commission is initiating a review of Qualcomm's acquisition of Autotalks under Article 22 of the 2004 Merger Regulation

Summary:

The European Commission has launched an investigation into Qualcomm's acquisition of Autotalks, a move that was referred by the Autoritu00e9 and six other European competition authorities. The two companies are leaders in long- and short-range communication technologies, which are crucial for the development of Cooperative Intelligent Transport Systems (C-ITS) and Vehicle-to-Everything (V2X) technologies. These technologies enable vehicles to exchange information with each other and their environment, enhancing road safety, efficiency, and driving experience. The acquisition is significant as it may impact the strategic challenge for Europe and France in the booming C-ITS sector, where many private and public sector companies are involved in the deployment of C-ITS across the country.