VNE - Qualcomm closes Arriver acquisition to boost auto competitiveness

Qualcomm (NASDAQ:QCOM) said on Monday that it has closed its acquisition of ArriverTM from SSW Partners, boosting the San Diego chipmaker's capabilities in autonomous driving. First announced in October 2021, the deal will see Arriver's driver assistance assets become part of Qualcomm's Snapdragon Digital Chassis platform, allowing Qualcomm to offer a complete advanced driver assistance system, or ADAS, solution.  “As we become a key technology partner to the automotive industry, Arriver’s Driver Assistance assets will accelerate our efforts to deliver a leading, ADAS solution as part of our Snapdragon Digital ChassisTM platform,” said Nakul Duggal, senior vice president and GM, automotive, Qualcomm, in a statement.  Qualcomm (QCOM) shares were little changed in early trading on Monday. As part of the deal, Qualcomm will incorporate Arriver's assets into its Snapdragon Ride Platform and build on a previous collaboration with Arriver, which was previously owned by Veneer (VNE). Qualcomm (QCOM), led by

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Qualcomm closes Arriver acquisition to boost auto competitiveness