Qualcomm has completed its acquisition of Arriver from SSW Partners, giving the chipmaker access to the software company’s Driver Assistance assets. Automotive has been a huge growth story for Qualcomm, with revenues in this area expected to hit $3.5 billion in five years and $8 billion in a decade. This latest development, according to the company, will enhance its ability to deliver open, fully integrated and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale.
