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Qualcomm’s takeover of Autotalks would hand it a 70 percent market share, EU commission says

By Andrew Boyce and Nicholas Hirst ( February 26, 2024, 17:11 GMT | Insight) -- Qualcomm’s acquisition of Autotalks, a rival producer of chips for cars, could hand the US tech company a global market share of more than 70 percent by 2027, the EU’s merger regulator said today. A series of decisions published today by the European Commission show the EU’s competition enforcer and Qualcomm battling over competitive dynamics in the market to supply chips to Europe’s car-makers.Qualcomm’s acquisition of Autotalks, a rival producer of chips for cars, could hand the US tech company a global market share of more than 70 percent by 2027, the EU’s merger regulator said today....

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