QCOM - Veoneer Qualcomm team up to create driver-assistance system

Veoneer (VNE) and Qualcomm (QCOM) will collaborate to provide scalable Advanced Driver Assistance Systems ((ADAS)), Collaborative and Autonomous Driving ((AD)) solutions. The companies first communicated their plans to team up on August 27, 2020.Arriver is Veoneer's dedicated software unit for the development of the complete perception and drive policy software stack. "We will now move ahead with full force to create a market leading ADAS solution based on Arriver Software and Qualcomm Snapdragon Ride SoC hardware," said Jan Carlson, Chairman, President & CEO, Veoneer. In addition to today's final agreement, both the companies have progressed on roadmap feature implementations.Arriver software is already functional on the Snapdragon Ride Platform, which will be available for automotive customers in coming months.Veoneer has rallied ~142% over the past six months.VNE down 2.4% premarket.

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Veoneer, Qualcomm team up to create driver-assistance system