[ad_1]
The open and programmable platform that Veoneer and Qualcomm intend to develop can be designed to create options for automakers. It can even create tier-1 suppliers for extra customisation alternatives whereas additionally charting a course for subsequent-technology automotive structure evolution.
View Photos
The subsequent-technology software program stack can 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 programs mentioned a report by information18. Veoneer will combine Qualcomm’s Snapdragon Ride platform in its expertise. Veoneer is a Swedish firm whose shares have been up 8.5 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 akin to Mobileye.
The open and programmable platform that each firms intend to develop can be designed to create options for automakers. It can even create tier-1 suppliers for extra customization alternatives whereas additionally charting a course for subsequent-technology automotive structure evolution. The firms count on the built-in platform to be obtainable by means of automotive tier-1 suppliers or on to OEMs for 2024 automobile manufacturing.
Also Read: Qualcomm Launches Autonomous Driving Computer, Aiming To Hit Roads By 2023
“We believe this collaboration has increased Veoneer’s chances of being one of the major players in this market,” Handelsbanken Capital Markets mentioned in a analysis be aware.
The subsequent-technology software program stack can be developed in a devoted group inside Veoneer.
Handelsbanken, who has repeatedly beneficial the Veoneer inventory, mentioned the joint product could possibly be the very best competitor in comparison with the market-main EyeQ SoC system from Intel-owned Mobileye.
Jefferies analysts mentioned the partnership would doubtless 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 once within the airbag making enterprise previously generally known as Autoliv in 2018, stays a loss-making enterprise and has been hit actually dangerous by the pandemic.
Despite the latest positive aspects, its shares are down by 17 per cent within the 12 months to this point.
0 Comments
Source: News18
For the most recent auto information and evaluations, comply with carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.
[ad_2]
Source