Qualcomm Completes Acquisition of Arriver Business from SSW Partners
April 4, 2022 | PRNewswireEstimated reading time: 2 minutes
Qualcomm Incorporated announced it has completed its acquisition of Arriver from SSW Partners, enhancing Qualcomm Technologies ability to deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale.
"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 Chassis platform," said Nakul Duggal, senior vice president and GM, automotive, Qualcomm Technologies, Inc. "We remain committed to offering advanced solutions for all vehicle tiers and levels and with Arriver's Driver Assistance assets now part of the Snapdragon Ride Platform, we are better positioned to power the future of autonomous driving. We are thrilled to welcome the talented team from Arriver."
As a result of the acquisition, Qualcomm Technologies will incorporate Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its leading Snapdragon Ride™ Platform portfolio, building on its previous collaboration with Arriver, when owned by Veoneer Inc. Snapdragon Ride Platform, a comprehensive portfolio for high performance central compute and vision system solutions features Snapdragon® family of SoCs and accelerator products, addresses the automotive ecosystem's growing needs for a scalable and upgradeable integrated software SoC aimed at providing functional safety. In addition to its ability to scale across a wide range of vehicle types, Snapdragon Ride platform's modularity provides the flexibility to leverage software functionality developed by automakers.
Further financial details on the transaction will be provided at our upcoming earnings call in April 2022.
Veoneer and Qualcomm Technologies will also expand their strategic collaboration. The parties have signed a new agreement that ensures the continuation of service and support for customers and details their future collaboration on roadmap alignment and technology cooperation in the development for Advanced Driver Assistance Systems. Veoneer and Qualcomm Technologies will further engage in joint go-to-market activities including on-the-road demonstrations of combined Qualcomm/Arriver- Veoneer advanced ADAS solutions for L2+ and beyond.
With more than 20 years of automotive industry experience, Qualcomm Technologies is well-positioned to provide advanced solutions that support the ongoing transformation of the automotive industry, resulting in connected vehicles, autonomous driving and electrification. Building on Qualcomm Technologies 'one technology roadmap' of connectivity, low power high compute, camera, graphics, artificial intelligence (AI) technologies and its systems engineering expertise, the Company as of the first quarter of fiscal 2022, secured a more than $13 billion automotive design-win pipeline. Qualcomm Technologies currently works with all leading auto companies, with momentum continuing in the ADAS and AD segments, recently announcing technology collaborations with General Motors, BMW, Ferrari and Renault.
Suggested Items
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.
ViTrox Pioneering the Future of Smart Manufacturing at NEPCON China 2024
04/18/2024 | ViTroxViTrox, which aims to be the World’s Most Trusted Technology Company, is pleased to announce its participation in the NEPCON China 2024 at Booth #1H27 at Shanghai World Expo Exhibition & Convention Center from 24-26 April 2024.
ViTrox Technologies Elevates Service & Support Across US & Canada with Jeremy Woodworth's Appointment
04/18/2024 | ViTrox TechnologiesViTrox, which aims to be the World’s Most Trusted Technology Company, is pleased to announce the expansion of its US-based support team with the appointment of Jeremy Woodworth as Technical Support Senior Engineer based in the United States, effective March 15, 2024.
Micron’s Full Suite of Automotive-Grade Solutions Qualified for Qualcomm Automotive Platforms to Power AI in Vehicles
04/17/2024 | MicronMicron Technology, Inc. announced that it has qualified a full suite of its automotive-grade memory and storage solutions for Qualcomm Technologies Inc.’s Snapdragon® Digital Chassis™, a comprehensive set of cloud-connected platforms designed to power data-rich, intelligent automotive services.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.