By Ian Walker

The U.K. Competition and Markets Authority has started an investigation into Qualcomm's planned takeover of Israel-based auto chip maker Autotalks.

The regulator said Tuesday that it is considering whether the deal will lead to a substantial lessening of competition within U.K. markets for goods and services.

It has set a deadline of April 25 for its initial decision into the deal.

The U.S. mobile-phone chip maker agreed in May 2023 to buy Autotalks to strengthen its portfolio of Snapdragon chips for auto makers, but didn't disclose financial details.

Write to Ian Walker at

(END) Dow Jones Newswires

02-27-24 0423ET