The open and programmable platform that Veoneer and Qualcomm intend to develop will likely be designed to create alternate options for automakers. It should additionally create tier-1 suppliers for extra customisation alternatives whereas additionally charting a course for next-generation automotive structure evolution.
View PicturesThe 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 large Qualcomm in superior driver help programs stated a report by information18. Veoneer will combine Qualcomm’s Snapdragon Journey platform in its expertise. Veoneer is a Swedish firm whose shares had been up 8.5 per cent in the present day 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 similar to Mobileye.
The open and programmable platform that each corporations intend to develop will likely be designed to create alternate options for automakers. It should additionally create tier-1 suppliers for extra customization alternatives whereas additionally charting a course for next-generation automotive structure evolution. The businesses anticipate the built-in platform to be out there by means of automotive tier-1 suppliers or on to OEMs for 2024 automobile manufacturing.
Additionally Learn: Qualcomm Launches Autonomous Driving Pc, Aiming To Hit Roads By 2023
Veoneer will combine Qualcomm’s Snapdragon Journey 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 stated 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 useful the Veoneer inventory, stated the joint product could possibly be one of the best competitor in comparison with the market-leading EyeQ SoC system from Intel-owned Mobileye.
Jefferies analysts stated the partnership would probably broaden Veoneer’s goal market and in the end strengthen its positioning versus Mobileye though the collaboration would take time to bear fruit.
Veoneer, which was within the airbag making enterprise previously often known as Autoliv in 2018, stays a loss-making enterprise and has been hit actually dangerous by the pandemic.
Regardless of the current positive aspects, its shares are down by 17 per cent within the yr up to now.
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