Qualcomm Incorporated (NASDAQ: QCOM) completes the acquisition of Arriver from SSW Partners. This will help Qualcomm Technology enhance its ability to deliver open, fully integrated and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and tier-I 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.”
Qualcomm will now incorporate Arriver’s Computer Vision, Drive Policy and Driver Assistance assets into its Snapdragon Ride platform portfolio, which is a comprehensive portfolio for high performance central compute and vision system solutions. It 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.
Qualcomm will provide further financial details on the transaction at its 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.
