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Qualcomm Is Acquiring Software From Auto Supplier Veoneer

TheMotleyFool

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Qualcomm Is Acquiring Software From Auto Supplier VeoneerPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Mobile chip design leader Qualcomm (NASDAQ: QCOM) recently outbid auto supplier Magna (NYSE: MGA) to acquire smaller auto industry parts company Veoneer (NYSE: VNE). It's clear Qualcomm is serious about increasing its share of advanced driver assist systems (ADAS) on new vehicles, but this acquisition comes with some interesting twists. In this Motley Fool Live segment from "Wheeling & Dealing," recorded Oct. 15, Fool.com contributor Nicholas Rossolillo goes over some of the details.

Source Fool.com

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