Qualcomm completes Arriver acquisition to bulk up software prowess in ADAS, self-driving vehicles
Summary
Qualcomm wrapped up its acquisition of Veoneer’s advanced driver assistance/self-driving vehicle software arm on Monday, highlighting the San Diego company’s bid to become a key technology supplier to automakers as it diversifies beyond smartphones. But the acquisition of Veoneer’s Arriver software division positions Qualcomm to compete head-to-head against industry leader Mobileye in the camera-based autonomous driving and vehicle safety technologies market. “This market is now getting to the point where the attach rate for this technology is going to be 100 percent,” said Nakul Duggal, senior vice president and general manager of Qualcomm’s automotive business. Everything is going to need a higher level of automated safety.” The Arriver deal will add about 1,100 workers, including in Europe and Detroit, to Qualcomm’s 45,000 global employee base. “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,” said Duggal.