- Veoneer (NYSE:VNE) and Qualcomm (NASDAQ: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.
