The automotive technology company, Veoneer, and Qualcomm Technologies have decided to collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions powered by Veoneer's next-generation perception and driving policy software stack and Qualcomm Snapdragon Ride ADAS/AD scalable portfolio of System on a Chip (SoC), and Accelerators. This ranges from L1 to L4 systems uniquely designed to create an open platform for Tier-1 suppliers and Automakers.
Designed to address the growing complexities associated with developing advanced driver-assistance systems (ADAS), including safety compliance, the integrated software and SoC platform aims to address the growing needs of the automotive ecosystem for scalable and upgradable solutions, which require highly advanced and power-efficient computing, connectivity and cloud service capabilities across all vehicle tiers.
This platform will integrate Veoneer's fifth-generation perception software and driving policy software with the current and future Snapdragon Ride portfolio. Qualcomm Technologies intends to make this integrated SoC and software stack platform available to global automakers and Tier-1 suppliers. Veoneer will serve as a Tier-1 system integrator for the new solution while continuing its current strategies, which include developing, selling, and launching its full line of ADAS and Collaborative Driving products and systems.
The open and programmable platform that both companies intend to develop will be designed to create alternatives for automakers and Tier-1s for more customization opportunities while also charting a course for next-generation automotive architecture evolution. The companies expect the integrated platform to be available through automotive Tier-1 suppliers or directly to OEMs for 2024 vehicle production.
Veoneer's software stacks are automotive-grade solutions designed to meet the requirements of automakers, regulators, and rating agencies globally. It has received top performance ratings and enabled automakers to achieve 5-star safety ratings for European New Car Assessment Program (Euro NCAP) in 2018 and 2020. The companies plan to launch a state-of-the-art automotive-grade, functional safety compliant and optimized platform which will include a full range of optimized NCAP features and up to hands-free driving on highways and slow-moving traffic. The platform will be continuously upgradeable through over the air updates.
Earlier this year, Qualcomm Technologies announced the Snapdragon Ride platform, its latest addition to the company's growing portfolio of automotive products. Snapdragon Ride is designed based on the Qualcomm Snapdragon family of automotive system-on-chips (SoC) and accelerator products, which are built on scalable and modular heterogeneous high-performance multi-core CPUs for planning and decision making, energy-efficient AI and computer vision (CV) engines, industry-leading GPU for high-end visualization, image signal processors for camera sensors, and dedicated safety and security subsystems. The integrated platform with Veoneer's software stack will be built on the scalable Snapdragon Ride roadmap, offering industry-leading scalability from L1 ADAS to L4 Autonomous Driving SoC and Accelerator products that leverage Qualcomm Technologies' leadership in heterogeneous compute, leading process technology, low power and higher performance automotive semiconductors.
There has been a growing desire within the automotive ecosystem to have a full SoC and Stack solution that can scale from the entry tier of active safety systems to higher-end automated driving solutions. Combining the best-in-class product roadmap of integrated automotive platforms, which supports broader functionalities like 5G/4G, telematics, and infotainment, with Veoneer's proven software stack for perception and driving, creates a unique offering to support this need. Qualcomm Technologies remains committed to offering high performance and advanced automotive solutions for all vehicle tiers and levels and looks forward to working with an industry pioneer like Veoneer to accelerate innovation to deliver comprehensive systems.
The next-generation software stack will be developed in a dedicated organization within Veoneer. The parties have signed a non-binding letter of intent and expect to finalize a definitive agreement during the second half of 2020.
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