United Kingdom: Closed CMA investigation into Qualcomm's proposed acquisition of Autotalks

On 25 March 2024, the Competition and Markets Authority (CMA) closed its investigation after Qualcomm decided to abandon the acquisition of Autotalks. The CMA aimed to determine whether the transaction resulted in the creation of a relevant merger situation under the Enterprise Act 2002 and negatively affected competition within the United Kingdom market. Qualcomm is a semiconductor manufacturer based in the United States that specialises in chipsets that enable direct communication between vehicles and their environment in the automotive sector (V2X communications). Autotalks is an Israeli semiconductor manufacturer that focuses on producing V2X semiconductors.