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Qualcomm Incorporated (QCOM) drives global innovation in wireless technology and semiconductor solutions powering 5G networks, AI applications, and connected ecosystems. This dedicated news hub provides investors and industry professionals with centralized access to official press releases, strategic announcements, and market-moving developments.
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Veoneer has completed the sale of its Active Safety business to Magna, a transaction first announced on December 20, 2022. This move positions Magna as a leading global supplier for ADAS. Following the sale, Veoneer is now fully focused on safety-critical electronics as the global pure-play market leader in restraint control system electronics.
In April 2022, SSW Partners acquired Veoneer for $4.6 billion, after which Qualcomm (NASDAQ: QCOM) acquired Arriver™ from SSW Partners. Veoneer has now added 'Safety Systems' to its corporate brand, reflecting its new focus. The company is seeking the best long-term solution for Veoneer Safety Systems, which is described as a growing, cash-generative business with a highly skilled workforce.
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