Qualcomm makes $4.6B bid for Veoneer

Automotive electronics giant Qualcomm announced last week a $4.6B offer for Veoneer. Veoneer is an automotive ADAS technology company that already provides its Arriver technology to Qualcomm. The offer comes in 18% higher than Magna, which is an automotive Tier 1 that has already made a bid to purchase Veoneer. Currently, Qualcomm supplies almost every brand of vehicle on the road, with wireless tech that extends to vehicle dashboards. Experts are calling the potential deal a strategic fit for Qaulcomm, however it appears the company is not looking to become an automotive Tier 1 through this move. (Source: Forbes) Read the original article…

 

 

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