Qualcomm Abandons Autotalks Deal Over Antitrust Concerns

Qualcomm Inc. has abandoned the acquisition of semiconductor firm Autotalks Ltd. after facing antitrust concerns from regulators. The U.S. Federal Trade Commission, along with European, UK, and Israeli authorities, was investigating the deal. The cancellation marks the end of a potential merger between two major V2X semiconductor companies, reflecting growing scrutiny in the industry.