Qualcomm Ends Autotalks Deal Over Antitrust Concerns, FTC Says

Qualcomm Inc. abandoned a deal to buy semiconductor firm Autotalks Ltd. after regulators expressed antitrust concerns, the US Federal Trade Commission said in a statement Monday.

European, UK and Israeli antitrust regulators were also investigating the deal.

Qualcomm announced the deal with Israel’s Autotalks in May without disclosing a price. The deal would have combined two of the biggest makers of “vehicle-to-everything” or V2X semiconductors. This type of semiconductor is used in automobiles to help reduce collisions and improve mobility.

“This is a win for car buyers seeking quality, affordable cars with V2X communication capabilities that promise to make driving ...