Qualcomm has announced that it has completed its rather complicated acquisition of Arriver. The acquisition completes the software stack for Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) solutions.
Qualcomm officially partnered with Veoneer to create Arriver in 2021. The intention was to develop a comprehensive automotive software stack that merged Veoneer’s perception and driving policy software with Qualcomm’s Snapdragon Ride platform. That was until Magna International made an unsolicited offer to acquire Veoneer in June 2021. Reacting to Magna’s offer, Qualcomm partnered with a new venture capital group called SSW Partners to acquire Veoneer for $4.5 billion. Under the deal, SSW would acquire Veoneer, sell Arriver Group to Qualcomm, and find a buyer for the rest of Veoneer. It would seem that all of these steps are complete except for the last one: selling the rest of Veoneer. The most likely potential acquirers for Veoneer at this stage would be other automotive suppliers or an automotive supplier.
This announcement marks the completion of an important milestone in Qualcomm’s efforts to become a leading automotive technology provider for future vehicle platforms, particularly for electric vehicles (EV) and autonomous vehicles (AV). In addition to Qualcomm’s leadership position in future telematics and infotainment systems, the company announced relationships with several major automotive OEMs, including BMW, GM/Cruise and Ferrari, for ADAS/AD platforms. In this race to deliver a complete hardware and software platform, Qualcomm competes with solutions like Intel/Mobileye, NXP, Nvidia, and Renesas, as well as in-house systems like those from Tesla. Qualcomm’s unique position, however, is its ability to leverage the company’s expertise in developing low-power, high-performance computing, connectivity and AI solutions in mobile devices – a global staple. electric, battery-powered and 5G-connected vehicles.