Veoneer (VNE.N) (VNEsdb.ST) will cooperate with Qualcomm Technologies (QCOM.O) on developing a software and chip platform for driver-assistance systems, the auto technology firm said on Thursday, sending its shares sharply higher.

The Swedish maker of vision systems, radar and software for advanced driver-assistance systems (ADAS) said it had signed a non-binding letter of intent with the U.S. firm and expected to finalise a definitive agreement in the second half of this year.

Veoneer’s software development strategy, increasingly important with the auto industry in the midst of a rapid transformational shift, has been under scrutiny since it ended its Zenuity software joint venture with Volvo Cars in April.

“This is a significant event for Veoneer which we are very happy to announce,”, Carlson told Reuters, adding that he expected the integrated software and system-on-a-chip platform would generate major interest from customers.

Shares in Veoneer VNE.NB were up 17.3% 1353 GMT. They are still down 18% so far this year.

Veoneer, which competes with companies such as Aptiv (APTV.N), Bosch, Continental (CONG.DE) and Intel’s (INTC.O) Mobileye, has been hit hard by the coronavirus pandemic as the car industry has seen production halted in many markets by widespread lockdowns.

Veoneer said in a statement it expected the integrated platform developed with Qualcomm to be available through automotive Tier 1 suppliers or directly to original equipment manufacturers (OEM) for 2024 vehicle production.

“This relationship not only strengthens our product portfolio, but also broadens our go-to-market position and opportunities, while giving customers more ways to access world-leading technology,” Carlson said in a statement.

The company, which supplies carmakers such as Daimler (DAIGn.DE), and Honda (7267.T), said last month it expected sales this year to outpace light-vehicle production.

($1 = 8.7265 Swedish crowns)

Source:reuters

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Qualcomm alongside Snapdragon 865 launched two other processor the Qualcomm Snapdragon 765 and 765G. These two processors are the upper mid-tier portfolio for the 2020.

The Qualcomm Snapdragon 765 and Snapdragon 765G offer integrated 5G connectivity at a more affordable price point, along with a whole range of other features and improvements.

Both the chipset will replace the Snapdragon 730 and 730G as more affordable, high-performance chipsets for the super mid-tier market. We saw phones with these chipset in sub-$500 price range but the latest Snapdragon 730 and 730G features integrated 5G and Ai capabilities which might cause slight increase in the pricing of the phone. But good thing about these chipset, even though slight increase in price is the much wider access to the technologies under $1000.

 

 

Snapdragon 765

The Snapdragon 765 processor offers a 20% boost to performance than its predecessor thanks to the use of improved Kryo 475 CPU with speeds up to 2.4GHz and much improved Adreno 620 GPU. This chipset uses a 1+1+6 Prime, Performance, and Efficiency CPU design resulting in a better balance of peak performance and all-day battery life.

The large Prime core is based on the Cortex-A76 and hits 2.4GHz which is flanked by another smaller Cortex-A76 at 2.2GHz. Besides sits six smaller Cortex-A55 based efficiency cores clocked at 1.8GHz. Snapdragon 765 supports up to 12GB 2133MHz LPDDR4 RAM, displays up to a QHD+ resolution, 192MP camera snapshots, and 4K video capture. Snapdragon 765 also comes with integrated 5G.

This chipset uses Qualcomm's second-generation Snapdragon X52 5G modem. With peak download speeds of 3.6Gbps, dynamic spectrum sharing support, SA and NSA, and sub-6GHz and mmWave bands for global markets which the company claims to be the industry's most powerful integrated 5G modem

Chipset also burrows some features from the Qualcomm's 800 series processor which are HDR10+ support, Computer Vision-ISP for enhanced imaging performance with a 4x power saving meaning imaging features like HDR, Night Mode, bokeh blur should run faster and produce higher quality results than before. The chipset also features Hexagon 696 DSP with a dedicated Tensor Accelerator. 

Snapdragon 765G

This chipset is for the Gamers out there. Comparing to the regular Snapdragon 765, this chipset promises a further 20% boost to graphics performance. This chipset can handle slightly higher GPU clocks and a CPU peak speed boost of upto 2.4GHz.

Not only that, this chipset comes with features like 120Hz display refresh rates at FHD+ resolutions, 10-bit HDR gaming and smoother frame rates.

Except that, Both the chipset sports the same core features, complete with next-gen 5G and AI capabilities.

Qualcomm expects the phone featuring these chipset to cost under $500 which is way less than the phones which have 5G right now and is expected to be commercially available in the first quarter of 2020.

 

HMD Global, “The Home Of Nokia Phones”, has raised $230 million in a “series A2” round of funding from some of its existing strategic partners, including Google, Qualcomm, and Nokia consumer division Nokia Technologies, along with undisclosed investors. The Finnish company stressed that this was the “first closing” of the round, suggesting more funding could be added at a later date.

A spokesperson also confirmed that HMD Global’s valuation has passed $1 billion. While Nokia no longer makes consumer devices, the brand is still synonymous with feature phones and smartphones, thanks to a licensing arrangement with HMD Global, a business vehicle founded in 2015 primarily to design and market Nokia-branded mobile phones, with Foxconn subsidiary FIH Mobile responsible for manufacturing.

A few months back, HMD Global unveiled its first 5G device, though the Nokia 8.3 has yet to make it to market. With another $230 million in the bank, HMD Global said it’s now able to “accelerate” its mission to make 5G smartphones accessible to more consumers globally. This will involve developing more alliances with U.S. carriers and building on existing partnerships with Verizon, Cricket Wireless, and AT&T that kicked off last year.

Backers

HMD Global raised $100 million in 2018 from Swiss VC firm Ginko Ventures, DMJ Asia Investment Opportunity, and Wonderful Stars, a subsidiary of FIH Mobile. The high-caliber nature of HMD Global’s latest roster of investors suggests where the Nokia brand could go from here. And as Google reels from the U.S. embargo preventing Huawei from using its mobile apps and services, the company has a vested interest in pushing another phone maker up the ranks.

As a European company, and the only remaining smartphone player on the continent with any meaningful market share, HMD Global is less likely to get caught in the geopolitical crossfire between the U.S. and China. Last year, HMD Global shifted its datacenter from Singapore to Finland, in partnership with Google Cloud, a move that will go some way toward allaying data privacy concerns.

HMD Global’s ambitions stretch beyond the hardware realm. Earlier this year, it launched a new SIM card called HMD Connect that’s focused on roaming, and it snapped up the assets of mobile, enterprise, and cybersecurity software company Valona Labs. At the same time, HMD Global launched a new R&D “center of excellence” to develop software-based services for Nokia devices. This will include building new offerings, such as remote device locking, cybersecurity, enterprise mobility management, and — in the future — imaging and audio technologies.

In short, HMD Global has pretty big ambitions, and with Google and Qualcomm on board, the company is making a bid for serious consideration. Even if it isn’t going to make big gains on the incumbents in North America and Europe, there is still significant market share in play in “key growth markets” like Brazil, India, and parts of Africa.

 

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HMD Global, the home of Nokia phones, announces it has successfully closed 230 million USD in the first closing of its current funding round from some of its top global strategic partners.

As well as establishing itself as a leading feature phone manufacturer by value, HMD Global has been successful in clearly differentiating its Android™ smartphone offering. Nokia smartphones come with a premium Nordic design that is inspired by the company’s European heritage, superior product quality, premium ZEISS imaging experience, and market-leading reliability, as well as security features including a three-year monthly security update promise and two-year Android software upgrade commitment with the Android One promise.

As the only key European smartphone player, HMD Global is increasingly popular with both enterprises and consumers who are looking for a pure, secure, and up-to-date smartphone experience.

Jean-Francois Baril, Executive Chairman and Co-Founder, HMD Global, says: “Our unique business model, based on asset-light global deployment and strong partnerships with the best in the industry, is entering a new level of maturity with the valued support of some of the most influential market-makers in mobile devices. I am extremely proud of our significant achievements to date and also thrilled about the immense opportunity before us to accelerate our journey towards excellence.”  

Florian Seiche, Chief Executive Officer, HMD Global, says: “Since the very beginning, HMD Global has worked to build strong bonds with our strategic partners. This additional investment further validates our long-term business strategy and is evidence of our collective mission to make modern mobile technology accessible to everyone. Security, reliability and dependability are the cornerstones of our offering, and we will ensure we are using these funds to deliver the best experiences people have come to expect from a Nokia phone. As the only major European smartphone manufacturer, we remain true to our Finnish roots and the hallmarks that our customers trust Nokia phones to be synonymous with. With the support of our heavyweight partners, I am truly excited for the next chapter of Nokia phones.”

The investment will further fuel HMD Global’s strategic vision in four key areas. Firstly, it will accelerate the company’s mission to make 5G smartphones accessible to consumers across the world, with an emphasis on strong partnerships with US carriers. Secondly, HMD Global will further transition to digital-first offerings as part of a new post-COVID reality. It will also expand its presence in key growth markets, including the recently introduced operations in Brazil, as well as Africa and India.

Finally, the investment will help the business strengthen its leading position beyond just hardware and into a holistic mobile service provider. This year alone, HMD Global launched its international data roaming service, HMD Connect, enhanced its mobile cybersecurity capabilities with the acquisition of assets of Valona Labs, and built dedicated resources on software, security and services with a new research and development Centre of Excellence in Tampere, Finland.
 

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