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Auto tech firm Veoneer inks collaboration deal with Qualcomm

Reuters
·1-min read

STOCKHOLM, Jan 26 (Reuters) - Automotive technology firm Veoneer and U.S. chip giant Qualcomm have signed a collaboration deal to develop a software and chip platform for advanced driver assistance systems, Veoneer said on Tuesday.

The companies first communicated their plans to team up in August last year.

Veoneer said on Tuesday it had formed Arriver, a dedicated software unit for the development of the complete perception and drive policy software stack.

"Today's agreement with Qualcomm Technologies and the creation of Arriver are key milestones in Veoneer's development," Veoneer CEO Jan Carlson said in a statement.

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Veoneer said that Arriver software is already functional on Qualcomm's Snapdragon Ride Platform, "which will be available for automotive customers in coming months".

Sweden-based Veoneer said the collaboration between the companies had been presented to a number of car makers and Tier-1 automotive suppliers with very positive feedback to the intended specifications and capabilities of the platform. (Reporting by Johannes Hellstrom; editing by Niklas Pollard)