The open and programmable platform that Veoneer and Qualcomm intend to develop will likely be designed to create alternate options for automakers. It would additionally create tier-1 suppliers for extra customisation alternatives whereas additionally charting a course for next-generation automotive structure evolution.
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The subsequent-generation software program stack will likely be developed in a devoted organisation inside Veoneer.
Veoneer’s shares jumped 19 per cent yesterday after it unveiled a partnership with U.S tech big Qualcomm in superior driver help techniques mentioned a report by information18. Veoneer will combine Qualcomm’s Snapdragon Trip platform in its expertise. Veoneer is a Swedish firm whose shares had been up eight.5 per cent at present with a number of fairness analysts predicting the collaboration was a vote of confidence and would improve the corporate’s place in comparison with their rivals comparable to Mobileye.
The open and programmable platform that each corporations intend to develop will likely be designed to create alternate options for automakers. It would additionally create tier-1 suppliers for extra customization alternatives whereas additionally charting a course for next-generation automotive structure evolution. The businesses count on the built-in platform to be accessible via automotive tier-1 suppliers or on to OEMs for 2024 car manufacturing.
Additionally Learn: Qualcomm Launches Autonomous Driving Computer, Aiming To Hit Roads By 2023
Veoneer will combine Qualcomm’s Snapdragon Trip platform in its expertise
“We imagine this collaboration has elevated Veoneer’s probabilities of being one of many main gamers on this market,” Handelsbanken Capital Markets mentioned in a analysis be aware.
The subsequent-generation software program stack will likely be developed in a devoted group inside Veoneer.
Handelsbanken, who has repeatedly really helpful the Veoneer inventory, mentioned the joint product could possibly be the very best competitor in comparison with the market-leading EyeQ SoC system from Intel-owned Mobileye.
Jefferies analysts mentioned the partnership would seemingly broaden Veoneer’s goal market and finally strengthen its positioning versus Mobileye though the collaboration would take time to bear fruit.
Veoneer, which was within the airbag making enterprise previously referred to as Autoliv in 2018, stays a loss-making enterprise and has been hit actually dangerous by the pandemic.
Regardless of the latest beneficial properties, its shares are down by 17 per cent within the 12 months up to now.
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