Qualcomm Completes Acquisition of Arriver Business from SSW Partners

Augmenting and Accelerating Qualcomm Technologies ADAS Offering

Qualcomm Incorporated (NASDAQ: QCOM) today announced it has completed its acquisition of Arriver™ from SSW Partners, enhancing Qualcomm Technologies ability to deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale.

Cristiano Amon, President & CEO, Qualcomm, Inc & Nakul Duggal, senior vice president and GM, automotive, Qualcomm Technologies, Inc

"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," said Nakul Duggal , senior vice president and GM, automotive, Qualcomm Technologies, Inc. "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."

As a result of the acquisition, Qualcomm Technologies will incorporate Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its leading Snapdragon Ride ™ Platform portfolio, building on its previous collaboration with Arriver, when owned by Veoneer Inc. Snapdragon Ride Platform, a comprehensive portfolio for high performance central compute and vision system solutions features Snapdragon ® family of SoCs and accelerator products, addresses the automotive ecosystem's growing needs for a scalable and upgradeable integrated software SoC aimed at providing functional safety. In addition to its ability to scale across a wide range of vehicle types, Snapdragon Ride platform's modularity provides the flexibility to leverage software functionality developed by automakers.

Further financial details on the transaction will be provided at our upcoming earnings call in April 2022 .

Veoneer and Qualcomm Technologies will also expand their strategic collaboration. The parties have signed a new agreement that ensures the continuation of service and support for customers and details their future collaboration on roadmap alignment and technology cooperation in the development for Advanced Driver Assistance Systems. Veoneer and Qualcomm Technologies will further engage in joint go-to-market activities including on-the-road demonstrations of combined Qualcomm/Arriver- Veoneer advanced ADAS solutions for L2+ and beyond.

With more than 20 years of automotive industry experience, Qualcomm Technologies is well-positioned to provide advanced solutions that support the ongoing transformation of the automotive industry, resulting in connected vehicles, autonomous driving and electrification. Building on Qualcomm Technologies 'one technology roadmap' of connectivity, low power high compute, camera, graphics, artificial intelligence (AI) technologies and its systems engineering expertise, the Company as of the first quarter of fiscal 2022, secured a more than $13 billion automotive design-win pipeline. Qualcomm Technologies currently works with all leading auto companies, with momentum continuing in the ADAS and AD segments, recently announcing technology collaborations with General Motor s, BMW , Ferrari and Renault .

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research, and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Snapdragon, Snapdragon Digital Chassis, and Snapdragon Ride are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Snapdragon, Snapdragon Ride, and Digital Chassis are trademarks or registered trademarks of Qualcomm Incorporated.

Qualcomm:
Pete Lancia
Corporate Communications
+1 (858) 845-5959
corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan
Investor Relations
+1 (858) 658-4813
ir@qualcomm.com

Snapdragon Digital Chassis Platform

Qualcomm + Arriver

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/qualcomm-completes-acquisition-of-arriver-business-from-ssw-partners-301516709.html

SOURCE Qualcomm Incorporated

News Provided by PR Newswire via QuoteMedia

QCOM
The Conversation (0)
Cloud Investing

YDreams Global Executives Attend Private Meeting with Brazilian Minister of Culture

YDreams Global Interactive Technologies Inc. (TSXV:YDwww.ydreamsglobal.com) (“YDreams Global” or the “Company) would like announce that two of the Company´s top Executives attended a meeting on April 30th, with the Minister of Culture of Brazil, Mr. Sergio Sá Leitão and with the President of Ancine, Mr. Christian de Castro Oliveira, which is the government institution responsible for incentives for different media productions, such as Cinema and Games.

The meeting was organized by the XRBR Association, that is bringing to light the huge potential of the Augmented, Virtual and Mixed Reality industry in Brazil. The Association has Marcos Alves as the President. Mr. Alves is YDreams Global’s Director of Ventures and is currently responsible for the acceleration program that is bringing five highly innovative AR and VR companies to Vancouver to receive training and to gain a deeper understanding of the North America market. The Company will have early access to investment in the startups that have a sustainable and fast growth business model.

Keep reading...Show less
Cloud Investing

YDreams Continues to Develop Blockchain Integration for Expanding Arkave VR Locations

YDreams Global Interactive Technologies Inc. (TSXV:YDwww.ydreamsglobal.com) (“YDreams Global” or the “Company) is continuing to work on blockchain integration for the Arkave VR segment of YDreams. The team is working to incorporate the acceptance of crypto currencies within the Arkave ecosystem. YDreams is a member of the Hyperledger Foundation, which is uniting visionary companies such as Intel and IBM to create and establish the future of blockchain technology.

Daniel Japiassu, CEO of YDreams Global commented, “As bitcoin and altcoins become more integrated in the mainstream, we plan to incorporate new blockchain technology within the Arkave ecosystem to maximize our potential revenue streams. We are planning on expanding the Arkave/VR locations in 2018 and look forward to continue leading with cutting edge technology.”

Keep reading...Show less
Data Investing

YDreams Global Creates Educational Virtual Reality Platform for One of the Biggest Energy Companies in the World

YDreams Global Interactive Technologies Inc. (TSXV:YDwww.ydreamsglobal.com) (“YDreams Global” or the “Company) would like to announce that it has signed a new contract to develop an educational game using Virtual Reality for one of the largest energy companies in the world.

The game is geared to educate children and young adults in respect to energy conservation and sustainability. The energy company will bring this game to schools, community associations and events, as part of a campaign to educate the general public.

Keep reading...Show less
Data Investing

YDreams Global Opens Exhibition Featuring Gaming YouTubers With LG Electronics Inc as a Significant Sponsor

YDreams Global Interactive Technologies Inc. ( TSXV:YDwww.ydreamsglobal.com) (“YDreams Global” or the “Company) will be launching the first edition of the Interactive Exhibition “Social Media Influencers: Game Edition” today. The exhibit is expected to receive at least 30,000 paid visitors per month and has booked 10 consecutive editions in 10 different shopping malls.

The Company also wishes to announce it has secured a significant sponsor for the series of events. The electronics company, LG Electronics Inc. (LGLD:LSE) has signed as a new sponsor for the event and will display their new Gaming Monitor for all of the events. The event also has Gameloft, Razer, DXRacer and the sports portal EI as partners with. Sonae Sierra Brasil as the main sponsor.

Keep reading...Show less
Cloud Investing

YDreams Global Signs New Project with the Emoji Company

YDreams Global Interactive Technologies Inc. ( TSXV:YD) (OTC Pink: YDRMF) (FSE: A2AP0L) (“YDreams Global” or the “Company) would like to announce that it has signed on for a new project for the official Emoji Company. The project is an interactive playground with augmented reality that will bring YDreams Global technology to six shopping malls. Expansion is already in the negotiation stages.
The playground is themed after the iconic emoji’s universe and visitors will pay an affordable fee to gain access.
The new product is part of the Company’s strategy to bring new forms of entertainment to shopping malls. The Company has an established partnership with a leader in this segment and has many similar projects planned for 2018.
“Our interactive technology is very relevant to the retail industry and YDreams Global is fast becoming a reference in this space. We have strengthened our relationship with important chains of shopping malls and hope to launch many projects in the near future. It is a significant new source of revenues for the Company,” stated Daniel Japiassu, CEO of YDreams Global.
YDreams global also recently announced a private placement (December 04 and December 08, 2017). The non-brokered private placement will consist of up to 14,666,666 units at 15 cents per unit for gross proceeds of $2.2-million. Each unit will consist of one common share and one transferable share purchase warrant exercisable at 25 cents for a period of five years. If you would like to participate in this please contact us at hey@ydreamsglobal.com
On January 12th, 2018, YDreams Global signed a $515,000 CAD deal with major sponsor for new project.
On January 5th, 2018, YDreams Global Completed a New Augmented Reality Project for International Fashion Brand Schutz Stores.
On December 22, 2017, YDreams Global announced the opening of the first Arkave Store.
On December 19, 2017, YDreams Global announced a mutual collaboration with Ubique, a reference in eSports with the goal of including Blockchain technology in Arkave.
On December 12, 2017, YDreams Global signed a new Augmented Project for one of the biggest Media and Entertainment companies in the world.
On November 9, 2017, YDreams Global announced the creation of a new blockchain, ICO and cryptocurrency division.
On October 5, 2017, YDreams Global was commissioned by Qualcomm Inc. (QCOM—NASDAQ) to create and design a project for them for Futurecom 2017.
On September 19, 201,7 YDreams Global announced it was commissioned by Octagon to create a project for the NBA.
About YDreams Global
YDreams Global Interactive Technologies Inc. (www.ydreamsglobal.com) is a technology company with offices in Vancouver, Dubai, São Paulo and Rio de Janeiro, that combines Augmented and Virtual Reality Technology, Design and Intelligence to respond to the challenges and demands of today’s users and consumers.
YDreams Global works as a partner for companies and brands to reframe their strategy through relevant human-centered ventures that integrates digital experience with the physical presence and venues. YDreams Global anticipates future challenges and connects them with the needs of the market, building innovative concepts and delivering them with international excellence.
YDreams Global have developed over 1,000 projects for clients all over the world, such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
More Information:
Daniel Japiassu
Director and Chief Executive Officer
hey@ydreamsglobal.com | www.ydreamsglobal.com | www.youtube.com/ydreamsglobal
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Click here to connect with YDreams Global Interactive Technologies Inc. (TSXV:YD) for an Investor Presentation. 

Keep reading...Show less

How Our Llama Grant Recipients Are Tackling Global Issues

MetaTakeaways

  • Today, we're excited to announce the recipients of the 2023 Llama Impact Grants, who will be awarded $500,000 each to support their use of AI to address pressing social issues.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Meta at UNGA 2024

Meta

Takeaways

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Apple extends its privacy leadership with new updates across its platforms

Private Cloud Compute sets a new standard for privacy in artificial intelligence

Apple® today announced new updates across its platforms that help empower users and keep them in control of their data. Private Cloud Compute extends the industry-leading protections of iPhone® to the cloud, so that users don't have to choose between powerful intelligence grounded in their personal context and strong privacy protections. Apple also raised the bar for privacy with new features, such as locked and hidden apps, aimed at helping users protect sensitive areas of their phones. Apple introduced additional features designed with privacy and security in mind, including categorization in Mail, Messages via satellite, and presenter preview.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple empowers developers and fuels innovation with new tools and resources

Enhancements to Xcode and Swift, combined with new APIs, offer developers expanded capabilities for creating high-quality apps

Apple® today unveiled a suite of innovative new tools and resources designed to enable developers worldwide to create more powerful and efficient apps across all Apple platforms. With Xcode® 16, developers can save time in their development process and get more done thanks to features like Swift® Assist and predictive code completion. New and expanded APIs give developers the tools to advance their apps and introduce exciting features.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

iPadOS 18 introduces powerful new intelligence features and apps designed for Apple Pencil

iPadOS 18 takes iPad to the next level with Apple Intelligence, the introduction of Calculator with Math Notes, new handwriting tools in Notes, additional ways to customize iPad, and more

Apple ® today previewed iPadOS ® 18, a major release that enhances the iPad ® experience, making it more versatile and intelligent than ever. With iPadOS 18, Calculator comes to iPad with Math Notes, along with new handwriting tools in Notes — all designed for Apple Pencil ® . iPad users now have more ways to customize the Home Screen and Control Center, and with iPadOS 18, users receive the biggest redesign of the Photos app to date and new ways to express themselves in Messages.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

macOS Sequoia takes productivity and intelligence on Mac to new heights

The Mac experience gets better than ever with iPhone Mirroring, big updates to Safari, highly anticipated games, and Apple Intelligence to deliver all-new capabilities

Apple® today previewed macOS® Sequoia, the next version of the world's most advanced desktop operating system, bringing entirely new ways of working and transformative intelligence features to Mac®. macOS Sequoia is full of exciting new capabilities, including iPhone® Mirroring, which expands Continuity by enabling full access to and control of iPhone directly from macOS. Safari® gets another big update with the new Highlights feature for effortless information discovery on webpages while browsing. The new Passwords app makes it even easier to access passwords and organize credentials all in one place. Gaming advances with a more immersive experience, as well as a breadth of new titles, including Assassin's Creed Shadows, Frostpunk 2, and more.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×