Qualcomm Inc. final week closed on its acquisition of Swedish tech provider Veoneer’s Arriver software stack, giving the tech large a bigger foothold within the rising mobility house.
Do not anticipate Qualcomm to cease there.
“Qualcomm is concentrated on this market and this house for the lengthy haul, and that is simply the beginning,” mentioned Nakul Duggal, the corporate’s basic supervisor of automotive.
Duggal spoke with Automotive Information on Monday, April 4, the day Qualcomm finalized the acquisition of Arriver and its laptop imaginative and prescient, drive coverage and driver-assistance property, which shall be built-in into the corporate’s Snapdragon Journey platform.
Qualcomm agreed to purchase Arriver as a part of a take care of Veoneer and New York personal fairness agency SSW Companions, which purchased the rest of Veoneer’s enterprise.
Qualcomm mentioned it could present extra monetary particulars in regards to the deal in its subsequent quarterly earnings name, although it was reported in October that SSW and Qualcomm would buy Veoneer in whole for $37 per share, or about $4.5 billion.
