With safety concerns at the forefront of consumers’ minds regarding self-driving cars, companies that produce autonomous and driver-assisted vehicles need to offer safety features that can alleviate people’s fears. Qualcomm’s acquisition of Autotalks signals the company’s commitment to the automotive industry and is expected to significantly contribute to the growth of its revenue in the coming years. At CES last year, Qualcomm unveiled the Snapdragon Ride Vision platform, which automakers can use to build cars. In late 2022, the company announced that its revenue-generating opportunities in the automotive business pipeline had risen to $30 billion, with a projected revenue of $4 billion by fiscal year 2026. The acquisition of Autotalks could lead to even more growth and expansion of its customer base and offerings.
