Qualcomm Acquires Arriver to Bolster Self-Driving Car Software
Just a month after the U.S. approved new rules for self-driving vehicles, one semiconductor and wireless communications company has purchased a fellow self-driving software company to further expand its driver assistance systems.
Qualcomm has acquired automated driving software company Arriver, according to a press release.
The acquisition lets Qualcomm use Arriver’s computer vision, drive policies and driver assistance assets, set to be used in tandem with Qualcomm’s Snapdragon Ride platform.
While financial details of the deal are not yet clear, the release says Qualcomm will share them at its upcoming April earnings report meeting.
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Arriver, originally owned by Veoneer, will happen alongside a closer strategic partnership between Qualcomm and Veoneer, with the two companies signing an agreement to ensure continued collaboration.
Qualcomm hopes to scale the software and offer over-the-air (OTA) software updates to drivers using the program.
Qualcomm Senior Vice President Nakul Duggal said, “As we become a key technology partner to the automotive industry, Arriver’s Driver Assistance assets will accelerate our efforts to deliver a leading, ADAS solution as part of our Snapdragon Digital Chassis platform.”
Duggal continued, “We remain committed to offering advanced solutions for all vehicle tiers and levels and with Arriver’s Driver Assistance assets now part of the Snapdragon Ride Platform, we are better positioned to power the future of autonomous driving. We are thrilled to welcome the talented team from Arriver.”