Qualcomm failed to acquire Autotalks.

Qualcomm, a chip designer, failed to acquire Autotalks, a fabless semiconductor company. Financial terms were not disclosed. "Qualcomm has terminated the transaction to acquire Autotalks due to lack of regulatory approvals in a timely manner. Automotive is a very important vertical for Qualcomm and we remain fully committed to our product roadmap, our customers and our partners," Qualcomm.